U.S. arrests 2 for stealing chip secrets

Federal agents Friday arrested two Bay Area men who allegedly used stolen trade secrets to start their own Silicon Valley semiconductor company.

The U.S. Attorney's office said Lan Li of Palo Alto and Yuefei Ge of San Jose were released on bond following their initial appearance before a federal magistrate on five counts of theft of trade secrets and conspiracy to steal trade secrets.

The pair allegedly pinched secret information from their employers -- NetLogics Microsystems and Taiwan Semiconductor Manufacturing Corp. -- and used it to establish their own company, SICO Microsystems.

The trade secrets in question were related to chip design and development. SICO allegedly was formed to develop and market products derived from the data.

Taiwan Semiconductor and NetLogics cooperated with the FBI in the investigation, the U.S. Attorney's office said in a news release.

Copyright 2006 by United Press International


Explore further

Qualcomm touts global momentum for the fastest version of 5G

Citation: U.S. arrests 2 for stealing chip secrets (2006, June 16) retrieved 25 October 2021 from https://phys.org/news/2006-06-chip-secrets.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors