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Two Silicon Valley computing engineers - an American Chinese and a Chinese have been charged with economic espionage for allegedly conspiring to steal sensitive microchip designs they hoped to use to go into business with the Chinese military.
London, Sept.28 : Two Silicon Valley computing engineers - an American Chinese and a Chinese have been charged with economic espionage for allegedly conspiring to steal sensitive microchip designs they hoped to use to go into business with the Chinese military.
According to The Telegraph, Lan Lee and Yuefei Ge have been accused of stealing trade secrets from their employer, NetLogics Microsystems, and a second company, the Taiwan Semiconductor Manufacturing Corporation.
The two men allegedly set up a business, SICO Microsystems, for the purpose of developing and marketing products using the stolen designs.
They then attempted to secure funding from China's General Armaments Department and a Chinese government programme created to develop communications and laser technologies for the military, according to a statement from prosecutors.
The stolen data related to the design and development of microchips and processors that could be used in military technology. The men had been about to stand trial on just the theft of the computer chip designs when they were charged with the more serious crime of economic espionage on Wednesday.
The new indictment accuses Lee, 42, of Palo Alto, and Ge, 34, of San Jose, of orchestrating the computer-chip plot so they could go into business with the Chinese military.
The men, who have been released on bail of 300,000 dollars each, are both charged with two counts of economic espionage, two counts of theft of trade secrets and one count of conspiracy. They face up to 15 years in jail and a 500, 000 dollar fine if convicted.
ANI
