Seagate to pay $300m fine for shipping 7m hard drives to Huawei

Seagate to pay $300m fine for shipping 7m hard drives to Huawei

A person stands by a sign of Huawei during World Artificial Intelligence Conference, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, September 1, 2022. REUTERS/Aly Song/File Photo

Seagate Technology Holdings PLC has agreed to pay a $300-million penalty in a settlement with U.S. authorities for shipping over $1.1 billion worth of hard disk drives to China’s Huawei in violation of U.S. export control laws, the Department of Commerce said on Wednesday.