Legis
Technology
Executive order · Friday 2 January 2026

Regarding The Acquisition Of Certain Assets Of Emcore Corporation By Hiefo Corporation

President orders Chinese-controlled company to divest U.S. chip assets over national security threat.

Listen to the summary
0:00

The order blocks a foreign-owned company from maintaining control over sensitive U.S. semiconductor technology, citing national security risks.

What the order does ​

  • Prohibits HieFo Corporation from owning or controlling any assets acquired from EMCORE Corporation.
  • Requires HieFo and its affiliates to divest all interests in the EMCORE assets within 180 days, with possible CFIUS-approved extensions.
  • Bans HieFo from granting access to EMCORE assets or sensitive information to outsiders until divestment is completed and approved.
  • Prevents HieFo and affiliates from transferring, dissolving, or reorganizing EMCORE assets in ways that could impede compliance.
  • Allows CFIUS to audit HieFo to ensure compliance and verify destruction or transfer of intellectual property.
  • Requires notification and CFIUS review before any sale of the assets to a third party.
  • Mandates weekly compliance reports from HieFo until divestment is verified.
  • Empowers U.S. officials to inspect HieFo’s relevant premises and records.
  • Prohibits any action intended to evade the order.
  • Authorizes the Attorney General to enforce the order.

Who it affects ​

  • HieFo Corporation and its affiliates.
  • EMCORE Corporation.
  • Prospective buyers of the EMCORE assets.
  • U.S. government agencies overseeing national security and foreign investments.

Context ​

The transaction involved U.S.-based chip and wafer technology being acquired by a company controlled by a Chinese citizen, raising national security concerns.