US issues first outbound investment fine over Chinese robotics AI deal
Parent of Plug and Play Tech Centre fined US$200,000 for failing to report a roughly US$92,000 investment in Shanghai robotics AI firm
The Treasury said on Wednesday that Amidi, LLC failed to submit a required notification after its Chinese fund subsidiary invested around US$92,478 in Shanghai Qiongche Intelligent Technology Company Limited, known as Noematrix, on April 19, 2025.
The penalty was issued in July but announced on Wednesday. It exceeded twice the investment amount.
