U.S. imposes fines on companies that fail to report 'Chinese robotics investments'... Double the investment amount

First fine case under the U.S. Foreign Investment Security Program

(Shanghai = Yonhap News) Correspondent Cha Byeong-seop = The U.S. Treasury imposed fines on companies that failed to report investments in China's physical artificial intelligence (AI) field.

The U.S. Treasury announced on its website on the 7th (local time) that it imposed a fine of $200,000 (approximately 260 million won) on the domestic company 'Amidi' in July of this year, saying that this was the first civil fine case under the Outward Investment Security Program (OISP), which has been in effect since January of last year.

OISP prohibits certain investments by American individuals and organizations investing in China's quantum computing, AI, and semiconductor fields or requires them to report them to the authorities.

In April last year, Amidi was fined for failing to report the investment of over $92,000 (approximately KRW 120 million) by its subsidiary, a Chinese fund, in 'Shanghai Chongche Smart Science and Technology', a Chinese physical AI company.

The fine imposed is more than twice the investment amount, but the Ministry of Finance did not explain the specific criteria for calculating the fine.

U.S. Treasury Secretary Scott Besant said the announcement of the fine "demonstrates the Treasury's commitment to protecting U.S. national security."