Seagate slapped with monster fine for selling to Huawei

Jan

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Seagate slapped with R5.4 billion fine for selling hard drives to Huawei

The US Commerce Department Bureau of Industry and Security (BIS) has imposed a $300-million (R5.4-billion) fine on storage manufacturer Seagate for violating export controls by selling millions of hard disk drives (HDDs) to Huawei.

The BIS said the "historic" foreign direct product enforcement case and settlement represented the largest standalone administrative penalty in the entity's history.
 
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