REGARDING THE ACQUISITION OF CERTAIN ASSETS OF EMCORE CORPORATION BY HIEFO CORPORATION
Snippet of Article: "...There is credible evidence that leads me to believe that HieFo Corporation, a company organized under the laws of Delaware (HieFo) and controlled by a citizen of the People’s Republic of China, through the acquisition of the assets comprising the digital chips and related wafer design, fabrication, and processing businesses of EMCORE Corporation, a New Jersey corporation (Emcore Assets), which acquisition completed on April 30, 2024 (such acquisition, the Transaction), might take action that threatens to impair the national security of the United States; and
(b) Provisions of law, other than section 721 and the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), do not, in my judgment, provide adequate and appropriate authority for me to protect the national security in this matter. ..."
IMPORTANT READING: Key Systems Containing EMCORE Technology; Excerpt: In 2026, computers and systems containing EMCORE chips or wafers are primarily restricted to high-performance specialized fields like aerospace, defense, and telecommunications infrastructure, rather than standard consumer PCs. Reference: AI Generated from EMCORE related links