“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.”
Toshiba and Western Digital stopped selling to Huawei after the 2019 entity listing. Seagate kept shipping and even signed on as a Huawei “strategic supplier” in December 2020. The fine is $300 million paid over five years at $15 million a quarter. Seagate booked $1.1 billion in sales and pays back less than a third of it on an installment plan.