Seagate fined $300 million for selling hard drives to Huawei

The US Department of Commerce he imposed a $300 million penalty for Seagate for selling hard drives to Huawei and violating US export control laws.

According to the reports, Seagate has agreed to pay a $300 million fine to US authorities for shipping hard drives to Huawei worth $1.1 billion. hard drive manufacturer sold around 7.4 million units for the Chinese tech maker in 2020.

Seagate shipped the units between August 2020 and September 2021, which goes against sales rules imposed on certain items manufactured using American technology.

Already in 2019, the United States included Huawei in the list of entities, which prohibits Huawei from purchasing products manufactured by US-based companies, unless the exception is passed.

Seagate continues to assert that the export of hard drives and transferred technologies does not fall under US export law. Also, they are not direct products of American equipment.

“While we believed that we were in compliance with all applicable export control laws at the time we made sales of the hard drives in question, we determined that…resolving this issue was the best option.” said Dave Mosley, CEO of Seagate.

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