Former employee steals Intel docs

fraud relating to the theft of sensitive Intel documents, TechSpot reports.

The stolen information, valued at an approximate $1 billion, included chip-related design and manufacturing data. It is thought Pani intended to use the information for purposes of career advancement. However, AMD denied knowledge of Pani's wrongdoing and has co-operated fully with federal investigators.

AMD official Mike Silverman said: "AMD respects the intellectual property of other companies. AMD was completely unaware of Mr Pani's actions until we were contacted by the FBI, and we provided our full and prompt co-operation with the investigation."

The Inquirer says that although Pani joined AMD, the chip designer did not instruct Pani to take documents from Intel nor was it aware that Pani had taken them. AMD terminated Pani's employment soon after the allegations surfaced.