Trump Blocks HieFo-Emcore Deal Citing China, National Security Risks

• President Donald Trump blocked HieFo Corp's $3 million acquisition of New Jersey-based Emcore's aerospace and defense assets.
• The decision cited national security risks and concerns that HieFo is controlled by a citizen of the People's Republic of China.
• Trump's order mandates HieFo to divest all interests in Emcore Assets within 180 days.
• The Committee on Foreign Investment in the United States identified a national security risk during its investigation.
• HieFo was co-founded by Genzao Zhang and Harry Moore, both former Emcore employees.

Why It Matters: Trump blocked HieFo's acquisition of Emcore assets due to national security and China concerns.