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Seagate Technology fined $300 million by US over exports of hard disk drives to Huawei

( April 19, 2023, 22:09 GMT | Official Statement) -- MLex Summary: The US Commerce Department's Bureau of Industry and Security (BIS) imposed a $300 million civil penalty against Seagate Technology of Fremont, California, and its Singaporean subsidiary to resolve alleged violations of US export controls related to selling hard disk drives to Huawei Technologies in violation of the foreign direct product rule. This historic foreign direct product enforcement case and settlement represents the largest standalone administrative penalty in BIS history, the agency said.Statement and enforcement documents follow below:...

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