News Snapshot:
Huawei is back in the spotlight in Europe after a report suggested Germany may ban some equipment from the Chinese telecommunications giant in its 5G network. Computer storage company Seagate will pay a $300 million penalty for allegedly continuing an unauthorized $1.1 billion relationship with Chinese technology firm Huawei after the company was added to a U.S. trade blacklist in 2020. The $300 million settlement, announced by the Department of Commerce on Wednesday, is the largest ever imposed by Commerce's Bureau of Industry and Security, which enforces export controls against blacklisted companies like Huawei. Federal regulators said Seagate was Huawei's...
