Regarding the Acquisition of Certain Assets of EMCORE Corporation by HieFo Corporation

Key Points

• Trump blocks a Chinese-controlled company from owning key EMCORE chip-making assets, citing national security risks.
• The company must sell off all rights to those chip and wafer design and manufacturing assets within 180 days, unless the government extends it.
• Until the sale is done, the company can’t share non-public technical details or give outsiders access to the systems, records, or U.S. facilities tied to the assets.
• The government can inspect records and technology systems and interview employees to make sure the company follows the order, at the company’s expense.
• Any attempt to dodge the rules—like shifting assets around to get around the sale requirement—is banned, and the Justice Department can enforce it.

Impact Analysis

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