Source: The Hill
“President Trump signed an executive order Friday blocking a semiconductor deal between HieFo Corp. and Emcore Corp., citing national security concerns related to China. ‘There is credible evidence that leads me to believe that HieFo Corporation, a company organized under the laws of Delaware (HieFo) and controlled by a citizen of the People’s Republic of China … might take action that threatens to impair the national security of the United States,’ Trump said in the order. HieFo is based in Delaware, while Emcore is based in New Jersey. Genzao Zhang is HieFo’s CEO and co-founder. Trump’s executive order blocks HieFo from acquiring ‘the assets comprising the digital chips and related wafer design, fabrication, and processing businesses of EMCORE.'” (01/02/26)
https://thehill.com/homenews/administration/5670409-hiefo-emcore-china-national-security/