Earlier quoted context omitted.
That's a strong claim for not looking into it at all. From a brief glance at the white paper it looks like they are using TEE, which would mean that the root of trust is the hardware chip vendor (e.g. Intel). Then, it is possible for confidentiality guarantees to work if you can trust the vendor of the software that is running. That's the whole purpose of TEE.
It doesn’t matter either way. Intel is an American company as well, and thus unsuitable as a trust root.
Literally.