Seagate fined record $300M over export business with Huawei
By 
Kyle Brasseur2023-04-20T16:27:00
Data storage company Seagate will pay the largest stand-alone administrative penalty in the history of the Commerce Department’s Bureau of Industry and Security (BIS) for violating export control restrictions against Chinese telecommunications giant Huawei.
Subsidiaries Seagate Technology, of California, and Seagate Singapore International Headquarters agreed to pay $300 million for their admitted violations of export administration regulations regarding the sale of more than 7.4 million hard disk drives to Huawei entities from August 2020 through September 2021. The value of the hard disk drives surpassed $1.1 billion, according to the BIS.
As part of the settlement, Seagate also agreed to a multiyear audit requirement of its export control compliance program and five-year suspended denial order.
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