HieFo did not file the transaction with CFIUS until after CFIUS’s non-notified team investigated the transaction.

True

Evidence from credible sources supports the statement as accurate. Learn more in Methodology.

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oversight

The filing timeline shows HieFo's CFIUS filing occurred after CFIUS’s non-notified team had already investigated the transaction.

Source summary

President Trump ordered HieFo Corporation, a foreign-owned Delaware company, to divest all interests in EMCORE Corporation’s digital chips business after CFIUS determined the transaction posed national security risks. CFIUS reviewed the deal under Section 721 of the Defense Production Act and cited risks from potential access to EMCORE’s intellectual property and the possible diversion of indium phosphide chip supply from the United States. The statement notes HieFo filed only after a CFIUS non-notified review and reminds parties to consider CFIUS jurisdiction, aided by expanded authorities under FIRRMA.

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Latest fact check

The U.S. Treasury Department’s official statement on January 2, 2026, regarding the President’s order for HieFo Corporation to divest certain EMCORE assets explicitly says: “HieFo did not file the transaction with CFIUS until after CFIUS’s non-notified team investigated the transaction.” This describes the sequence that CFIUS’s non-notified function identified and investigated the deal first, and only afterward did HieFo submit a filing. There is no available evidence contradicting this account, and no other primary document offers a different chronology. Based on the official CFIUS chairing agency’s contemporaneous description of its own process, the statement is accurate as phrased.

Verdict: True, because the claim directly matches the wording in the official Treasury/CFIUS statement and there is no evidence to the contrary.

Sources

Timeline

Update · Jan 03, 2026, 07:50 AMTrue
The U.S. Treasury Department’s official statement on January 2, 2026, regarding the President’s order for HieFo Corporation to divest certain EMCORE assets explicitly says: “HieFo did not file the transaction with CFIUS until after CFIUS’s non-notified team investigated the transaction.” This describes the sequence that CFIUS’s non-notified function identified and investigated the deal first, and only afterward did HieFo submit a filing. There is no available evidence contradicting this account, and no other primary document offers a different chronology. Based on the official CFIUS chairing agency’s contemporaneous description of its own process, the statement is accurate as phrased. Verdict: True, because the claim directly matches the wording in the official Treasury/CFIUS statement and there is no evidence to the contrary.
- https://home.treasury.gov/news/press-releases/sb0349
- https://www.whitehouse.gov/presidential-actions/2026/01/regarding-the-acquisition-of-certain-assets-of-emcore-corporation-by-hiefo-corporation/
Original article · Jan 02, 2026
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