Trump administration blocks $3 million chip deal citing national security concerns
The Trump administration blocked HieFo Corp's $3 million acquisition of Emcore, citing national security and China-related concerns. An executive order stated HieFo, controlled by a Chinese citizen, could threaten US national security. HieFo was ordered to divest all Emcore assets within 180 days.
The Trump administration blocked HieFo Corp's $3 million acquisition of Emcore, citing national security and China-related concerns. An executive order stated HieFo, controlled by a Chinese citizen, could threaten US national security. HieFo was ordered to divest all Emcore assets within 180 days.
