Defense Technology Manufacturer
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Former owner of divested semiconductor operations
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
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