Former Intel Employee Pleads Guilty To Stealing Company’s Secrets Worth Atleast $200 Million To $400 Million

Posted on Apr 9 2012 - 6:51am by Editorial Staff

Federal prosecutors on Friday in Boston has alleged that Biswamohan Pani (who was fired by AMD in 2008) had downloaded Intel’s some of “most valuable” design and manufacturing documents back in June 2008 – the chip giant Intel was not aware at the time of the downloads that Pani and stated that he had begun working at AMD. Intel estimated the company secrets to be worth at least $200 million to $400 million.

Pani faces upto 20 years in Jail on each count and is scheduled to be sentenced on August 8. Drew Prairie, a spokesman for AMD said: “AMD was not accused of wrongdoing, and the FBI has stated that there is no evidence that AMD had any involvement in or awareness of Mr. Pani’s alleged actions.”

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