04-20-2023, 07:40 AM
![[Image: seagate-261022-afp_1024x726.jpg]](https://media.freemalaysiatoday.com/wp-content/uploads/2022/10/seagate-261022-afp_1024x726.jpg)
WASHINGTON: Seagate Technology Holdings has agreed to pay a US$300 million penalty in a settlement with US authorities for shipping over US$1.1 billion worth of hard disk drives to China’s Huawei in violation of US export control laws, the US Department of Commerce said on Wednesday.
Between August 2020 and September 2021 Seagate sold the drives to Huawei despite a 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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