U.S. Treasury Hits Amidi With $200,000 Fine Over Noematrix Investment

The U.S. Treasury Department has fined Amidi LLC $200,000 for failing to report a $92,478 investment in Chinese robotics and artificial intelligence company Noematrix. The penalty marks the first civil enforcement action under the government’s outbound investment security program.

Treasury announced the penalty on Oct. 7, saying it issued the fine in July. Amidi’s Chinese fund subsidiary made the investment in Shanghai Qiongche Intelligent Technology Co., known as Noematrix, on April 19, 2025.

The investment involved a company developing artificial intelligence, robotics and embodied intelligence. Amidi also owns the organization operating as Plug and Play Tech Center.

First enforcement action under new rules

The Outbound Investment Security Program took effect on Jan. 2, 2025. It requires U.S. persons to notify Treasury about certain investments involving sensitive technologies in China, Hong Kong and Macau. It also prohibits some transactions in artificial intelligence, semiconductor and quantum computing sectors.

The rules also cover transactions made through controlled foreign entities. U.S. investors must submit notifications when those transactions would have triggered reporting requirements if conducted directly.

Treasury said Amidi failed to submit the required notification. The department identified the transaction through its ongoing compliance and market monitoring efforts.

The penalty exceeds the original investment

The $200,000 penalty is more than twice the value of the investment. Treasury’s action therefore signals that relatively small cross-border technology investments can still create significant compliance exposure.

The case does not indicate that Treasury required Amidi to unwind the investment. Instead, the enforcement action centers on the failure to make the required notification.

Treasury also said Congress passed the Comprehensive Outbound Investment National Security Act in December 2025. That legislation will expand the program’s jurisdiction to additional countries and technology sectors.

The Amidi case gives investors an early indication of how Treasury intends to enforce the outbound investment rules. Companies investing in sensitive Chinese technologies now face greater pressure to assess reporting obligations before completing transactions.