Ex-ADI Employee, Wife Hit With New Charges In IP Theft Case

By Brian Dowling (October 2, 2020, 3:12 PM EDT) -- Federal prosecutors on Thursday added new criminal charges against a former Analog Devices Inc. employee accused of stealing sensitive documents worth millions of dollars from the semiconductor company to develop copycat equipment.

Expanding a trade secrets case filed last year against Haoyang Yu, a 41-year-old naturalized U.S. citizen from China, the new indictment includes allegations of wire fraud, visa fraud and other charges. It also ropes his wife and business partner Yanzhi Chen, 22, into the alleged scheme, charging her with three counts of wire fraud.

Prosecutors said Yu, a former design engineer at Analog Devices, stole hundreds of sensitive files from the...

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