Committee on Foreign Investment in the United States (CFIUS)

The national-security dealmaking forum that can impose—and enforce—mitigation terms on foreign-linked transactions. - Referenced as part of the mitigation architecture tied to the divestiture framework

The deal closed on January 22, 2026. TikTok's U.S. operations now belong to TikTok USDS Joint Venture LLC—a new entity where Oracle, Silver Lake, and Abu Dhabi's MGX each hold 15%, existing ByteDance investor affiliates hold 30.1%, and ByteDance itself retains exactly 19.9%. The ownership math clears the statutory threshold, but the hard work starts now: Oracle must replicate and retrain the recommendation algorithm on U.S. user data alone, while ByteDance loses access to American data flows and direct control over the feed that made TikTok dominant.

Updated Jan 22

The interagency committee that reviews foreign acquisitions of US companies for national security risks. - Investigating non-notified transactions at record pace

Trump just blocked a $2.9 million chip deal that had already closed 20 months ago. On January 2, 2026, he ordered HieFo Corporation—a Delaware company controlled by Chinese national Genzao Zhang—to unwind its acquisition of EMCORE's indium phosphide semiconductor business and divest completely within 180 days. The transaction wasn't even on CFIUS radar when it closed in April 2024. But the chips HieFo acquired power navigation systems in missiles, submarines, and autonomous weapons—exactly the technology Washington is desperate to keep out of Beijing's hands.

Updated Jan 3