US issues first outbound investment fine over Chinese robotics AI deal
Por Teresa Elena Frontado — South China Morning Post – News feed
Advertisement US-China relations China Diplomacy 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
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Teresa Elena Frontado in Washington Published: 3:27am, 8 Oct 2026 The US Treasury on Wednesday announced its first penalty under rules governing American investment in sensitive Chinese technologies , revealing a US$200,000 fine against the parent of Plug and Play Tech Centre for failing to report an investment in a Shanghai robotics AI company.
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.
The case provides the first concrete example of enforcement under the Outbound Investment Security Programme, which took effect in January 2025 and governs certain US investments in Chinese artificial intelligence , semiconductor and quantum computing businesses. Select Voice Select Speed 0.8x 0.9x 1.0x 1.1x 1.2x 1.5x 1.75x 00:00 00:00 1x AI-generated voice
