New Delhi, Jan. 3 -- US President Donald Trump on Friday in an executive order blocked a $2.9 million computer chips deal involving HieFo Corp acquiring semiconductor-related assets from Emcore, citing national security reasons.

In his order, Trump concluded that the computer chips deal threatened US national security if the current owner of HieFo remained in control of the technology.

Donald Trump's executive order brought a spotlight on a business deal that hardly drew any attention in May 2024 when it was announced during former President Joe Biden's tenure.

Donald Trump is demanding that HieFo divest a technology within 180 days, citing "credible evidence" that the current owner is a citizen of the People's Republic of China. He sa...