Reuters reveals US Seagate violated export rules when selling Huawei hard drives

corporate finance

Oct 26, 2022 at 5:39 p.m. 1 minute

Reuters exclusively revealed that Seagate Technology Holdings said in a filing that the US government warned the company that it may have violated export control laws by providing hard drives to a customer, which a source familiar with the situation called Huawei Technologies have identified. Huawei is on the US Department of Commerce’s list of companies and barred from receiving US exports and certain foreign-made items without government approval.

article tags

Topics of interest: corporate finance

Type: Reuters best

Regions: North America

Countries: US

Types of prizes: exclusivity

Story Types: Exclusive / Scoop

Media Types: text

Impact on the customer: Important regional history