Seagate to Pay $300 Million Penalty for Transport Huawei 7 Million Onerous Drives
Seagate Know-how Holdings PLC has agreed to pay a $300 million penalty in a settlement with U.S. authorities for transport over $1.1 billion value of laborious disk drives to China’s Huawei in violation of U.S. export management legal guidelines, the Division of Commerce mentioned. Seagate offered the drives to Huawei between August 2020 and September … [Read more…]