HieFo must divest all interests and rights in the Emcore Assets within 180 calendar days after the date of the order (unless CFIUS extends the date).

President Donald J. Trump issued an order prohibiting HieFo Corporation’s ownership of the Emcore Assets — the digital chips and related wafer design, fabrication, and processing businesses acquired from EMCORE Corporation on April 30, 2024 — on national security grounds. The order requires HieFo to divest all interests in the Emcore Assets within 180 days unless CFIUS extends the deadline, bars access to non-public technical information pending divestment, and authorizes CFIUS to verify compliance, impose conditions, and require audits. HieFo must weekly certify compliance and may not complete any sale without notifying CFIUS and waiting 30 days for potential objection.