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    President Trump orders divestment in $2.9 million chips deal to protect US security interests

    6 hours ago

    President Trump has ordered the unraveling of a $2.9 million deal involving Emcore Corp.'s computer chips, citing national security concerns. The executive order mandates HieFo Corp., reportedly owned by a Chinese citizen, to divest the technology within 180 days. This move scrutinizes a transaction initially announced during the Biden administration.
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