CFIUS
Orders where directed actors are tied to CFIUS · 2 in Search.
Roles directed
Orders
2 shown
Regarding the Acquisition of Certain Assets of EMCORE Corporation by HieFo Corporation
This presidential order, issued under section 721 of the Defense Production Act of 1950, prohibits and unwinds the April 30, 2024 acquisition of EMCORE Corporation's digital chip and wafer design, fabrication, and processing assets by HieFo Corporation, a Delaware-registered company controlled by a Chinese citizen. HieFo must divest all interests in these assets within 180 days, with immediate restrictions on access, transfers, and operations until CFIUS verifies completion.
Regarding the Proposed Acquisition of United States Steel Corporation by Nippon Steel Corporation
President Biden issued an order under the Defense Production Act blocking Nippon Steel Corporation's proposed acquisition of U.S. Steel Corporation, finding credible evidence that the transaction threatened U.S. national security. The order prohibits the transaction and requires the parties to fully abandon it within 30 days, with weekly compliance certifications to CFIUS until abandonment is complete.