Seagate to pay $300m settlement over $1.1bn hard disk drive sales to Huawei
by Reuters from Technology | The Guardian on (#6B01D)
Technology company violated US export control laws with shipments to Chinese firm, commerce department says
Seagate Technology Holdings has agreed to pay a $300m penalty in a settlement with US authorities for shipping over $1.1bn worth of hard-disk drives to China's Huawei in violation of US export control laws, the Department of Commerce said on Wednesday.
Seagate sold the drives to Huawei between August 2020 and September 2021 despite an August 2020 rule that restricted sales of certain foreign items made with US technology to the company. Huawei was placed on the Entity List, a US trade blacklist, in 2019 to reduce the sale of US goods to the company amid national security and foreign policy concerns.
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