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April 19, 2023

Posted  April 19, 2023

Manufacturer Seagate Technology LLC will pay a $300 million penalty to resolve allegations that it violated U.S. export control standards.  As part of the settlement, Seagate admitted that it unlawfully sold millions of hard disk drives, valued at more than $1 billion, to Huawei Technologies in 2020 and 2021, after Huawei became a listed entity, requiring sales to it by U.S. companies to be made by export license, based on a U.S. determination that Huawei was  involved in activities contrary to the national security or foreign policy interests of the United States.  Seagate also agreed to ongoing audits by the government.  BIS DOC

Tagged in: Trade Agreements,