German media: Trump orders "China-related companies" to divest U.S. chip assets
On Friday, President Donald Trump cited national security concerns to block a U.S. company, HieFo, allegedly controlled by Chinese citizens, from acquiring chip assets of the American company Emcore.
On January 2, 2021, U.S. President Donald Trump blocked the $3 million acquisition of aerospace and defense specialist Emcore's assets by the U.S. photonics company HieFo, citing national security concerns and worries related to China.
In a presidential order issued by the White House, Trump stated that HieFo was "controlled by citizens of the People's Republic of China," and its 2024 acquisition of Emcore's business activities made him believe that the company could "take actions that threaten to harm U.S. national security."
The order did not name any specific individuals or detail the nature of Trump's concerns.
"This transaction is hereby prohibited," Trump said, and ordered HieFo to "divest all its interests and rights in Emcore's assets, wherever they may be, within 180 days."
After Trump issued the order, the U.S. Treasury stated that the Committee on Foreign Investment in the United States had identified national security risks in this transaction, but the statement did not specify the nature of the risks.
As of late Friday, HieFo and Emcore were unable to immediately comment on the matter, and no response was posted on their official websites.
Source: DW
Original: toutiao.com/article/1853310129963018/
Statement: This article represents the views of the author.