(Jan 3): US President Donald Trump is blocking HieFo Corp from acquiring semiconductor-related assets from Emcore Corp, citing national security reasons. The order, released on Friday, notes that HieFo, a Delaware-based company, was organised and is controlled by a Chinese citizen and targets the firm’s acquisition of “assets comprising the digital chips and related wafer design, fabrication, and processing businesses of” Emcore. The companies in 2024 announced that they had completed a deal to sell New Jersey-based Emcore’s chips business and indium phosphide wafer fabrication operations for US$2.92 million (RM11.84 million). Trump’s order says that deal “threatens to impair the national security of the US”, the latest move by the administration aimed at cracking down on Chinese access to advanced semiconductor technologies. It directs HieFo to divest within 180 days unless the Committee on Foreign Investment in the US (Cfius), a secretive federal government panel that reviews deals involving American companies on national security grounds, grants them additional time.

Source: The Edge Markets January 03, 2026 05:36 UTC