Trump Blocks HieFo Chip Deal With Emcore, Citing Security
President Donald Trump is blocking HieFo Corp. from acquiring semiconductor-related assets from Emcore Corp., citing national security reasons.
The order, released Friday, notes that HieFo, a Delaware-based company, was organized 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.