Intel CEO
Lip-Bu Tan, the new CEO of Intel. Photo: Intel

Intel this week announced a new CEO, Lip-Bu Tan, a veteran of the semiconductor industry, who hopes to turn the chipmaker around. Intel shares have risen nearly 20% in 2025, with most of that gain coming after Tan was appointed. He takes over next week.

According to a filing with the US Securities and Exchange Commission, the new Intel CEO will receive a salary of $1 million and can receive a maximum bonus of $2 million per year.

He also has the right to receive performance-based and annual stock awards of up to $17 million and $14.4 million, respectively. Both vest over five years, but Mr. Tan will not receive any shares if Intel’s stock price declines over the next three years. On the other hand, he will receive more if Intel’s stock price outperforms the market.

He also received a stock option package worth $9.6 million as well as a new employee stock award worth $25 million.

In total, Mr. Tan’s compensation was worth about $66 million, excluding salary, bonuses and legal fees. Intel said the figure reflected his experience and reputation as a knowledgeable and experienced technology leader, as well as market relevance. The majority of the compensation was tied to creating long-term shareholder value.

(According to CNBC)