US President Donald Trump speaks throughout the ASEAN-US Summit in Kuala Lumpur, Malaysia, October 26, 2025. PHOTO: REUTERS
WASHINGTON:
President Donald Trump on Friday blocked US photonics agency HieFo Corp’s $3 million acquisition of belongings in New Jersey-based aerospace and defence specialist Emcore, citing nationwide safety and China-related issues.
In an order launched by the White Home, Trump stated HieFo was “managed by a citizen of the Individuals’s Republic of China” and that its 2024 acquisition of Emcore’s companies led the president to consider that it could “take motion that threatens to impair the nationwide safety of the USA.”
The order didn’t title the person or element Trump’s issues. “The Transaction is hereby prohibited,” Trump stated, ordering HieFo to “divest all pursuits and rights within the Emcore Property, wherever positioned,” inside 180 days.
The Committee on International Funding in the USA recognized a nationwide safety threat in its investigation of the deal, the Treasury Division stated after Trump’s order. The assertion didn’t specify the nationwide safety threat.
HieFo and Emcore couldn’t instantly be reached for remark.
Emcore, publicly traded on the time of the deal and later taken personal, has stated HieFo purchased its chips enterprise and indium-phosphide wafer-fabrication operations for $2.92 million. HieFo stated on the time that it was co-founded by Genzao Zhang, a former Emcore vp of engineering, and Harry Moore, whose LinkedIn profile describes him as a former senior gross sales director at Emcore.
