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An AMD employee that used to work for Intel is charged with stealing trade secrets from his former employer worth $1 billion. Prosecutors say AMD had no knowledge of the crime and did not benefit from the stolen information.
Federal prosecutors in Massachusetts say 33-year-old Biswamohan Pani downloaded confidential documents from the chip maker's California headquarters while he was on vacation and actually working for AMD. Prosecutors say AMD had no knowledge of Pani's actions and did not benefit. But they say the information Pani downloaded was worth more than $1 billion in research and development costs, and included details about methods for designing microprocessors.