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HUDSON, MA -- A former Intel employee was charged yesterday with stealing trade secrets valued at more than $1 billion.

Biswamohan Pani is accused of allegedly downloading Intel trade secrets while working simultaneously for Advanced Micro Devices. He has been charged with a total of five counts of theft of trade secrets.

According to the indictment, Pani had taken a job with AMD while still in the employ of Intel, then while on vacation from Intel, allegedly downloaded at least eight documents described by Intel as “confidential,” “secret” or “top secret.”

The information Pani allegedly downloaded was worth $1 billion in research and development costs, according to the federal government.

AMD was unaware of Pani's alleged actions, according to the indictment.

Pani had worked at Intel's Hudson, MA, site before taking the job with AMD in Santa Clara, CA.

PEMBROKE, BERMUDA– Tyco Electronics Ltd. has released its fourth-quarter and full-year results. Net sales were reported at $3.7 billion for the fourth quarter, marking a 6% increase over 2007 figures. The organic sales growth for the quarter was 2%.

WASHINGTON, DC -- The AeA and the Electronics Components Association (ECA) are considering a merger, the two groups said.

In a statement, AeA chairman Peter Boni said there is a growing need "for a trade association that has the size, scale and flexibility to support and promote its members and the industry as a whole."

Ironically, ECA was spun out in mid 2006 when the Electronics Industries Alliance diviied up its assets among its member organizations. Moreover, in September the AeA (formerly the American Electronics Association) and the Information Technology Association of America, another former EIA partner, announced discussions to merge their respective memberships and programs.

AeA has 2,400 corporate members and focuses on lobbying at the state, federal and international levels. Its 2006 revenues, the last year for which records are available, were $19.4 million.

ECA has more than 92 members and reported a small loss on revenues of $1.9 million in 2006.

ITAA has 360 members and concentrates on business development, public policy advocacy, market forecasting and standards development. Its 2006 revenues were $5.9 million. Combined, the groups spent $2.25 million to lobby the federal government in 2007, according to required filings, and have been increasing their contributions this year.

STAMFORD, CT -- The economic crisis is having a significant impact on the semiconductor industry, as worldwide semiconductor revenue growth in 2009 is expected to be 1%, down by approximately seven points from previous estimates, according to preliminary estimates from Gartner Inc.

SECAUCUS, NJ -- Starting Nov. 1, Panasonic Corp. of North America launched a nationwide program designed to provide consumers convenient recycling of Panasonic brand TVs and other consumer electronics.

Under the program, consumers can drop off Panasonic products free of charge. Panasonic also will work jointly with public and private recyclers, communities, governments, charities and other organizations.

The venture will cover more than 160 recycling drop-off locations in 10 states, and is slated to expand to all 50 states, with hundreds more sites, over the next three years.

In a press statement, Recycling Group manager Richard Vernam, said, "The program will help to move end-of-life consumer electronics out of the common waste stream and into a separate and environmentally responsible recycling stream."

"The focus of Panasonic's new program will be on consumer convenience and environmentally sound recycling," said Yoshi Yamada, Chairman and CEO of Panasonic Corporation of North America. "The new national program both gives life to our customers' recycling expectations and embodies our company's commitment to responsible product lifecycle management."

The move might also signal a larger emphasis on designing products that are easy to break down and reuse.