Saturday, June 17, 2006, 6/17/2006 08:01:00 AM

Trade Secrets Arrest in Chip Case

From UPI, what did we tell you about stealing trade secrets in the Northern District of California? Don't do it!

Yesterday, federal agents arrested two 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 charged with five counts of theft of trade secrets and conspiracy to steal trade secrets from their former employers -- NetLogics Microsystems and Taiwan Semiconductor Manufacturing Corp. -- and used it to establish their own company, SICO Microsystems.

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

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