"Regulators treated the company's links to China in technology, talent, data, prior operations, and strategic industrial capacity as relevant to review." [technology, talent, data]
This quote directly names the mechanism: security jurisdiction is defined by operational and knowledge linkages, not legal domicile, which is the structural claim that relocation no longer insulates firms from home-country regulatory reach.
Reasoning from this article
The Manus case is treated by the article as an instance of a general pattern: any firm with historical roots in a country — regardless of reincorporation abroad — remains subject to that country's security review. This dynamic structurally undermines the standard playbook of 'jurisdiction shopping' via Singapore or other neutral hubs, and applies beyond AI to biotech, semiconductors, and any sector where talent and data are the core assets. The implication is that deal certainty in cross-border tech M&A is now fundamentally degraded, not just for US-China deals but wherever security review regimes are expanding.