Trump orders divestment of chip deal over China security concerns

apnews.com

President Trump ordered the divestment of a $2.9 million computer chips deal, citing U.S. security concerns. The executive order targets HieFo Corp.'s acquisition of Emcore Corp.'s chip operations, alleging Chinese control of the buyer. The deal, initially announced in May 2024 under the Biden administration, involves technology for aerospace and defense.


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