ðŸ‡ðŸ‡° English, 7 October 2026, export control
US issues first outbound investment fine over Chinese robotics AI deal
US Treasury fines parent of Plug and Play Tech Centre $200,000 for failing to report $92,000 AI investment in Shanghai.
The US Treasury issued a $200,000 fine to Amidi, LLC for failing to report a $92,478 investment in Shanghai Qiongche Intelligent Technology Company Limited, a robotics AI firm.
The investment was made through a Chinese fund subsidiary on April 19, 2025, and the fine exceeded twice the investment amount.
The case is the first concrete example of enforcement under the Outbound Investment Security Programme, which governs certain US investments in Chinese AI, semiconductor, and quantum computing businesses.