The U.S. Commerce Department's Bureau of Industry and Security Thursday fined Seagate Technology LLC $300 million for allegedly violating U.S. export controls in a deal supplying hard drives to Chinese company Huawei.
Seagate Technology has agreed to pay a $300 million penalty in a settlement with US authorities for shipping over $1.1 billion worth of hard disk drives to China's Huawei in violation of US export control laws, the Department of Commerce said on Wednesday.
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Seagate Hit With $300 Million Penalty for Continuing $1 Billion Relationship With Blacklisted Firm Huawei, Despite U.S. Export Controls | Since Then