Key Findings President Trump ordered the divestment of a $2.9 million chips deal between U.S. firm Emcore and Chinese-linked company HieFo Corp. Trump cited national security risks tied to HieFo's control of Emcore's chip technology and its links to China. The deal was initially approved in 2024 but later blocked in 2026 after a government review. The blocked technology includes indium phosphide wafers used for advanced internet, laser, and military applications. The move is
