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Trump blocks chips deal, cites security, China-related concerns

Trump blocks chips deal, cites security, China-related concerns

President Donald Trump on Friday blocked U.S. photonics firm HieFo Corp’s $3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore, citing national security and China-related concerns. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition of Emcore’s…

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