The far-reaching insider trading scandal now appears to have reached the top ranks of the high-tech industry with reports Tuesday that Hector Ruiz, former CEO and chairman of Sunnyvale chip company Advanced Micro Devices, leaked confidential AMD information to alleged conspirators.
Ruiz, a key figure in helping arrange a multibillion-dollar Abu Dhabi investment in an AMD spinoff, passed on information about that deal, according to multiple media reports Tuesday, each citing a single source.
Ruiz, who left AMD this year to take over as chairman of the spinoff called Globalfoundries, has not been charged. He could not be reached for comment.
Executives at AMD and Globalfoundries have declined to comment in detail about the so-called Galleon insider trading case announced two weeks ago by federal authorities, who characterized it as the biggest such scheme involving hedge funds that has ever been prosecuted.
In charges filed Oct. 16, federal documents identified a mysterious "AMD executive" as the source of a leak about the secretive Abu Dhabi deal, setting off widespread speculation about the person's identity. AMD has repeatedly said it has not been told who the executive is, and on Tuesday insisted it still does not know...