And it's not stealing in the strictest sense. it was sold.

The manufacturer of the chip made an extra 10k of product to sell on the side, which is a breach of contract.

But no theft occurred because the manufacturer is supposed to have the schematics.

Legally a rather annoying, wordy space to live in for sure.

> Stealing a part made in a shop isn't stealing IP. Stealing schematics and methods would be, but not finished products.

Actually, all of that is stealing physical, not intellectual property. Intellectual property is not the right to physical possession, so even to the extent that it can be said to be “stolen” (violation of IP rights are more like trespass than theft) taking physical objects in which it is in one form or another embodied into one’s possession isn’t it.

How is this not stealing ... Its like i gave you money/raw materials to do something for me. you skim off it and sell it off it is stealing. May not be a legally valid term, but it is stealing.