US Tech Company Agrees to $175 Million Settlement Over Hidden Sales to China’s Huawei

The hard drive maker has agreed to a $175 million payout to resolve a shareholder lawsuit over undisclosed sales to blacklisted Chinese tech firm Huawei.

Seagate Vice President Fergus O'Donnell poses holding an external hardrive unit at the U.S.-owned technology company's manufacturing plant in Londonderry, Northern Ireland, on Sept. 11, 2025. Paul Faith/AFP

Seagate Technology has agreed to pay $175 million to settle a class action lawsuit alleging the company misled investors about its sales of hard disk drives to China’s Huawei Technologies following tightened U.S. export controls.

The proposed settlement was filed late on May 29 in federal court in San Francisco and requires approval from U.S. District Judge Rita F. Lin.