Trump Orders HieFo Divestment
Analysis based on 8 articles · First reported Jan 02, 2026 · Last updated Jan 03, 2026
The market impact is primarily on HieFo Corporation, which faces a forced divestment, potentially affecting its valuation and future operations. This event also signals increased scrutiny from the United States government on foreign ownership of sensitive technology, which could deter future cross-border tech acquisitions, especially those involving entities from China.
Donald Trump, President of the United States, issued an executive order on January 2, 2026, demanding that HieFo Corporation divest its computer chips and wafer fabrication operations within 180 days. This order unravels a $2.9 million deal from May 2024, where Oracle Corporation sold these operations to HieFo Corporation Donald Trump cited national security concerns, based on 'credible evidence' that HieFo Corporation's owner, Genzao Zhang, is a citizen of the People's Republic of China. The original deal, which included the assumption of about $1 million in liabilities, had drawn little attention during Joe Biden's administration. HieFo Corporation was founded by Genzao Zhang and Harry Moore, with plans to continue developing innovative solutions for artificial intelligence. Oracle Corporation was taken private last year by GHO Capital Partners.
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