Trump Blocks HieFo-Emcore Acquisition
Analysis based on 6 articles · First reported Jan 03, 2026 · Last updated Jan 04, 2026
The blocking of HieFo Corporation's acquisition of Solar cell's assets by the United States government signals increased scrutiny on foreign investments, particularly from China, in sensitive technology sectors. This could lead to greater caution among investors and companies involved in cross-border M&A, especially in aerospace, defense, and semiconductor industries.
President Donald Trump blocked HieFo Corporation's $3 million acquisition of assets from Solar cell, an aerospace and defense specialist, citing national security and China-related concerns. The order, released by the White House, stated that HieFo Corporation was controlled by a citizen of China and that the acquisition could impair the national security of the United States. Donald Trump ordered HieFo Corporation to divest all interests and rights in Solar cell's assets within 180 days. The United States — Committee on Foreign Investment in the United States identified a national security risk in its investigation of the deal. Solar cell, which was publicly traded at the time of the 2024 deal, had sold its chips business and indium-phosphide wafer-fabrication operations to HieFo Corporation. HieFo Corporation was co-founded by Genzao Zhang and Harry Moore, both former Solar cell employees.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard