In a post on Truth Social, which was shared on X by The White House, Trump criticized credit card companies for charging interest rates ranging from 20 per cent to 30 per cent or higher, arguing that such rates have placed an undue financial burden on Americans

HieFo was founded by Dr. Genzao Zhang and Harry Moore. According to a press release that came out after the deal closed, plans for the technology acquired from Emcore were to be overseen by largely the same team of employees in Alhambra, California.