Trump orders Chinese-controlled firm to unwind chip asset deal, citing national security risks
Lead: President Donald Trump on Friday ordered HieFo Corporation, described in a White House executive order as controlled by a citizen of the People’s Republic of China, to divest a $2.9 million purchase of digital chip assets from U.S. manufacturer Emcore. The order, issued after a Treasury Department review, said the April 30, 2024 acquisition … Read more