Trump orders Chinese-linked firm to divest US semiconductor assets
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US President Donald Trump has ordered HieFo Corporation, a Delaware-registered firm linked to China, to divest its semiconductor assets due to national security concerns. An executive order under the Defence Production Act cites credible evidence that HieFo's acquisition of EMCORE Corporation's digital chips could threaten US security. The order prohibits HieFo from retaining ownership of the assets and mandates divestment within 180 days, with oversight from the Committee on Foreign Investment in the United States (CFIUS). This action reflects increased scrutiny of Chinese investments in sensitive US sectors.
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Source: SCMP The copyright of this article belongs to the original author/organization.
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