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.