President Donald Trump at his Mar-a-Lago estate in Palm Beach, Fla., on Dec. 22, 2025. Tasos Katopodis/Getty Images
WASHINGTONâPresident Donald Trump issued an order Friday canceling HieFo Corporationâs acquisition of chips and wafer fabrication assets from Emcore Corp. in 2024, citing national security concerns.
The order prohibits Delaware-based HieFo, controlled by a Chinese citizen, from owning âthe assets comprising the digital chips and related wafer design, fabrication, and processing businessesâ acquired from New Jersey-based Emcore. The acquisition was completed on April 30, 2024.
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Original News Source Link – Epoch Times
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