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[ARTICLE · art-147112] src=scmp.com ↗ pub= topic=ai-policy verified=true sentiment=↓ negative

US issues first outbound investment fine over Chinese robotics AI deal

The US Treasury announced its first penalty under rules governing American investment in sensitive Chinese technologies, fining Amidi, LLC US$200,000 for failing to report a roughly US$92,478 investment by its Chinese fund subsidiary in Shanghai Qiongche Intelligent Technology Company Limited, a Shanghai robotics AI company. Amidi, LLC is the parent of Plug and Play Tech Centre, and the Treasury said the company failed to submit a required notification for the deal.

by read1 min views2 publishedOct 7, 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...

source & further reading
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