Seagate Fined $300 Million for Selling Hard Disk Drives to Blacklisted Huawei
“While we believed we complied with all relevant export control laws at the time we made the hard disk drive sales at issue, we determined that engaging with BIS and settling this matter was the best course of action.”
“Even after Huawei was placed on the Entity List for conduct inimical to our national security, and its competitors had stopped selling to them due to our foreign direct product rule, Seagate continued sending hard disk drives to Huawei,” Commerce Department Assistant Secretary for Export Enforcement Matthew S. Axelrod said in a statement. “Today’s action is the consequence: the largest standalone administrative resolution in our agency’s history.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Exclusive: Seagate settles with U.S. for shipping $1.1 bln of hard drives to HuaweiSeagate Technology Holdings 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 U.S. Department of Commerce said on Wednesday.
Leer más »
Seagate to pay $300 million penalty for shipping Huawei 7 million hard drivesSeagate 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.
Leer más »
Seagate sees ‘severe impact’ on margins and profits as it delivers a surprise lossSeagate Technology PLC shares were off more than 2% in Thursday morning action after the chip company posted a surprise loss for its latest quarter. The...
Leer más »
Seagate hit with $300 million penalty for continuing $1 billion relationship with blacklisted firm Huawei, despite U.S. export controlsSeagate shipped over 7.4 million hard drives to blacklisted Huawei, even after the U.S. government imposed export controls on the Chinese company.
Leer más »
New Memphis Program Would Arrest Kids for Playing Music, Dancing, and Selling CandyThe Memphis Police Department's new program to combat juvenile crime in downtown areas has been halted after community organizations denounced it as racist and likely to target and criminalize Black youth.
Leer más »
US: Top Selling BEVs In 2022 Were Long Range OnesThe top ten new all-electric vehicles in 2022 in the United States (by the number of registrations) happened to have a 'long range' (often over 300 miles).
Leer más »