By Jon Brodkin

An ex-Intel employee accused of stealing $1 billion worth of trade secrets and using them to help rival AMD was indicted in Massachusetts Wednesday, according to news reports.

Biswamohan Pani, 33, of Worcester, Mass., was a design engineer at Intel's Hudson, Mass., offices before being hired away by AMD in June, according to the Worcester Telegram & Gazette.

As the industry's two leading chip-makers, Intel and AMD have a longstanding rivalry. Both Intel and AMD plan to announce new multi-core chips later this month.

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