President Donald Trump at his Mar-a-Lago estate in Palm Beach, Fla., on Dec. 22, 2025. Tasos Katopodis/Getty Images
WASHINGTON—President Donald Trump issued an order Friday canceling HieFo Corporation’s acquisition of chips and wafer fabrication assets from Emcore Corp. in 2024, citing national security concerns.
The order prohibits Delaware-based HieFo, controlled by a Chinese citizen, from owning “the assets comprising the digital chips and related wafer design, fabrication, and processing businesses” acquired from New Jersey-based Emcore. The acquisition was completed on April 30, 2024.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.
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