Amidi Group

The U.S. Treasury fined Amidi Group $200,000 for failing to notify it of a Chinese subsidiary's April investment of $92,478 in Noematrix, a Shanghai robotics startup. The fine, the first under the Outbound Investment Security Program, was issued in July and more than doubled the investment's value. Treasury did not require the investment to be unwound. The item describes Amidi Group as the parent of accelerator Plug and Play Tech Center.