Seagate Technology shipped more than $1.1 billion worth of goods to Huawei after export restrictions were introduced in 2020, the Commerce Department said.
The sanction is the latest step taken by the US government to stop sales of advanced technology to China. American authorities have stated that such equipment can be used by the Chinese military.
Seagate shipped 7.4 million units to Huawei in about a year after the rule was imposed by former President Donald Trump’s administration, according to the Commerce Department.
It continued to do so “even after Huawei was placed on the entity list for conduct adverse to our national security,” said Matthew Axelrod of the Bureau of Industry and Security (BIS).
Huawei’s other two main hard drive suppliers have halted exports to the Chinese firm under the new rule, the department said.
The penalty will be paid in installments of $15 million every three months for the next five years, Seagate said.
The decision comes as the US continues to curtail technology sales, such as advanced computer chips, to China.
For the most important news of the day, transmitted in real time and presented equidistantly, LIKE our Facebook page!
Follow Mediafax on Instagram to see spectacular images and stories from around the world!
Answer on the websites of Aleph News, Mediafax, Ziarul Financiar and on our social media pages – ȘTIU and Aleph News. See the answer to I know, from 19.55, Aleph News.
The content of the www.mediafax.ro website is intended exclusively for your information and personal use. It is forbidden republication of the content of this site without the consent of MEDIAFAX. To obtain this agreement, please contact us at [email protected].