Evidence from credible sources supports the statement as accurate. Learn more in Methodology.
CFIUS completed a review/investigation under Section 721 and issued findings that it identified the specified national security risks regarding EMCORE's IP and potential diversion of indium phosphide chip supply.
The U.S. Treasury Department’s official statement on the President’s divestment order for HieFo Corporation’s acquisition of EMCORE’s digital chips business explicitly says that CFIUS "reviewed and investigated this transaction pursuant to Section 721 of the Defense Production Act of 1950" and "identified a national security risk" related to potential access to EMCORE’s intellectual property and the potential diversion of indium phosphide chip supply away from the United States. This language directly matches the substance of the claim, including both the legal basis (Section 721) and the specific nature of the identified risk (IP access and diversion of indium phosphide chips).
The verdict is True because the claim accurately restates the findings and description provided in the official Treasury/CFIUS statement on the transaction.