Intel Stock Slides Amid Trade Secret Theft Scandal
Intel shares dropped over 2% in Thursday afternoon trading following revelations of an attempted trade secret theft by one of its engineers. Jinfeng Luo, an employee since 2014, allegedly used external storage devices to extract approximately 18,000 files before his scheduled termination.
The incident highlights growing cybersecurity risks in the semiconductor industry, though no direct cryptocurrency implications were identified. Market reactions suggest investor sensitivity to operational vulnerabilities in tech giants like Intel.