Former Intel employee admits theft of trade secrets

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An ex-employee of Intel has announced that in 2008, he documents with sensitive company information, which has a value of hundreds of millions of dollars, has been stolen. After the theft he went from AMD to work.

The former Intel employee is known, according to Reuters Friday to five charges of wire fraud, under false pretenses obtaining property via communication lines. He was suspected in June 2008, Intel documents downloaded to have information about the chip design and production. The documents would be of great value to Intel: the company estimates that it 200 to $ 400 million to represent. During the theft, the 36-year-old man still as an engineer at an Intel facility in Massachusetts.

Not long afterwards, however, he is at Intel’s competitor AMD to get started, what the theft, extra sensitive. According to the court, of Boston, acted the man was alone and was AMD not aware of the theft, let alone that the company command had been given. AMD fired him in 2008. The fraudster is a term of imprisonment of 20 years above the head. On August 8, follows the judgment of the court.