Seagate Fined $300M on Sanctions Failures


Some strong tea today for export control professionals: U.S. authorities have fined Seagate Technology Corp. $300 million for selling computer hardware to Chinese telecom giant Huawei Technologies, even after Huawei came under severe U.S. export control restrictions in 2020. The fine, announced by the Bureau of Industry and Security on Wednesday, is the largest that…

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