President Trump orders divestment in $2.9 million chips deal to protect US security interests
President Donald Trump on Friday ordered the unravelling of a $2.9 million computer chips deal that he concluded threatened US security interests if the current owner, HieFo Corp, remained in control of the technology.
The executive order cast a spotlight on a business deal that drew scant attention when it was announced in May 2024 during President Joe Biden’s administration.
