Selling sanctioned storage to Huawei costs Seagate $300 million
The United States Department of Commerce has fined Seagate $300 million for selling disk drives to Huawei, despite the Chinese company’s presence on its list of entities to which certain products can’t be sold without first securing a license.that it did always stays on the right side of the law. But in October 2022 the company[PDF] that the Department of Commerce’s s Bureau of Industry and Security had sent it a letter alleging violations of the U.S. Export Administration Regulations.
Seagate again insisted it complied with all relevant rules, and that in any case its hard disk drives were not covered by export bans.[PDF] that states it has reached a settlement agreement with the Department that will see it pay $300 million over five years, in quarterly chunks of $15 million. The filing reveals the specifics of Commerce’s complaint: after the 2019 addition of Huawei to its entity list, two of the world’s three hard disk makers – a reference to Toshiba and Western Digital – announced they would stop selling to Huawei. Seagate persisted and between August 2020 and September 2021 sold 7.4 million hard drives to China, in 429 transactions worth a combined $1.1 billion.
Making matters worse, Seagate’s manufacturing processes used third party products that also need licenses before they can be put to work producing kit sold to China. But wait, there’s more: in December 2020 Seagate also signed a three-year Strategic Cooperation Agreement with Huawei that earned it the status of a “strategic supplier”.
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