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Trump Blocks $2.9M Deal Over China Security Concerns

1/3/2026

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Summary

Story summary

U.S. President Donald Trump blocked HieFo Corp's $2.9 million purchase of Emcore assets over security concerns tied to China.
An executive order requires HieFo to divest its Emcore interests within 180 days.
The deal was announced in May 2024 during the Biden administration and involved Emcore selling computer chips and wafer fabrication operations.
HieFo's founders include former Emcore executives Genzao Zhang and Harry Moore, and the company has not commented on the order.

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Story summary

U.S. President Donald Trump blocked HieFo Corp's $2.9 million purchase of Emcore assets over security concerns tied to China.
An executive order requires HieFo to divest its Emcore interests within 180 days.
The deal was announced in May 2024 during the Biden administration and involved Emcore selling computer chips and wafer fabrication operations.
HieFo's founders include former Emcore executives Genzao Zhang and Harry Moore, and the company has not commented on the order.