Executive Order Prohibits HieFo’s Ownership of Emcore Assets over National Security Concerns
Impact Score: 3.6
Timeline: Measures to prevent unauthorized access within 7 days; 30-day review period on sales/transfers; divestment required within 180 days, subject to extension
Summary: The executive order addresses HieFo Corporation’s acquisition of Emcore Corporation’s digital chip and wafer technology assets, citing national security risks due to HieFo’s Chinese control. It mandates HieFo’s divestment of all related assets within 180 days and restricts unauthorized access, with CFIUS empowered to audit compliance. The order prohibits asset transfers without prior CFIUS approval and authorizes enforcement by the Attorney General. Vanderbilt University faces compliance risks affecting research, partnerships, and funding, especially in tech-related international collaborations.
Key Actions: Monitor legal developments; update university policies on international tech collaborations; enhance curriculum on national security law; assess compliance risks for research partnerships; engage policymakers on regulatory changes; and explore national security-focused research and educational opportunities.
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