The U.S. Department of the Treasury announced an enforcement penalty against Amidi, a U.S. investment fund, for violating the Outbound Investment Security Program. The violation involved Amidi's Chinese subsidiary investing approximately $92,478 in Shanghai Qiongche Intelligent Technology Company Limited (Noematrix) on April 19, 2025. Noematrix develops artificial intelligence, robotics, and embodied intelligence. Amidi is also the parent entity of Plug and Play Tech Center.
Treasury identified the transaction during regular compliance and market monitoring efforts. "The Outbound Investment Security Program is an important tool aimed at addressing the advancement of key technologies by countries of concern that could pose risks to U.S. national security," said Christopher Pilkerton, Assistant Secretary of the Treasury for Investment Security.
Congress expanded the program on December 18, 2025, by passing the Comprehensive Outbound Investment National Security Act of 2025 (COINS), which broadens OISP jurisdiction to include investments in additional countries and technology sectors.