The U.S. President has issued an executive order prohibiting HieFo Corporation, a Delaware company controlled by a citizen of the People’s Republic of China, from owning any interest in EMCORE Corporation’s digital chip and wafer‑design assets. The order blocks the April 30, 2024 acquisition and requires HieFo to divest all rights, contracts, property, inventory and intellectual property within 180 calendar days, unless the Committee on Foreign Investment in the United States (CFIUS) extends the deadline. During that period HieFo may not grant access to non‑public technical information or sell the assets to a third party without CFIUS approval. CFIUS may audit HieFo, demand weekly compliance reports, and authorize inspections of records and facilities to ensure the divestiture is completed and the national security risk is mitigated.
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https://www.whitehouse.gov/presidential-actions/2026/01/regarding-the-acquisition-of-certain-assets-of-emcore-corporation-by-hiefo-corporation/
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