Intel is appointing Lip-Bu Tan as CEO.
Courtesy: Inter
new Intel CEO Lip-Bu Tan receives a $1 million salary and a stock option of approximately $66 million, and will receive vesting over the next few years. Submitted on Friday In the SEC.
Tan was named Intel’s chief this week, hoping to turn the company that chip industry veterans are struggling with. Intel’s shares have so far increased nearly 20% in 2025, and most of these profits came this week after Tan’s appointment. He will start next week.
Tan receives a $1 million salary and is eligible for an annual bonus worth $2 million.
He will also receive a long-term stock grant worth $14.4 million and a $17 million performance grant for Intel shares. Both grants will be entitled for five years, but Tan will not be able to acquire any of these stocks if Intel’s stock price falls over the next three years. If the company’s stock price is better than the market, he can earn more shares.
Tan will receive a stock options package worth $9.6 million and a new recruiting option grant worth $25 million.
In total, TAN’s compensation package offers approximately $66 million in long-term stock awards and options, along with salary, bonuses and legal fees. If Intel goes through control changes, according to filing, Tan may be entitled to accelerate vesting.
“Lip-Bu’s compensation reflects his experience and qualifications as a skilled technology leader with deep experience in the industry and is competitive in the market,” Intel said in an email. “Most of his compensation is based on fairness and is linked to long-term shareholder value creation.”
Separately, Tan has agreed to hold Intel shares with a $25 million purchase to qualify for grants and bonuses.
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