Trump Blocks China-Linked Chip Deal, Orders Rare Forced Sell-Off Over Security Fears
Key Points U.S. President Donald Trump on Friday ordered a company controlled by a Chinese national to unwind a $2.9 million acquisition of U.S. semiconductor assets, citing national security concerns. In an executive order, the White House said HieFo Corporation—incorporated in Delaware—was “controlled by a citizen of the People’s Republic of China.” The order targets … Read more