Trump Blocks China-Linked Company's Semiconductor Purchase
Update: 2026-01-03
Description
President Trump halts China-linked companys semiconductor acquisition, citing national security risks. HieFo Corporation, a Delaware firm controlled by a Chinese citizen, completed a $2.92 million deal for EMCOREs semiconductor assets. Federal authorities found credible threats, leading to a 180-day divestment order, highlighting heightened scrutiny on sensitive tech deals amid U.S.-China tensions.
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