Intel Appoints Lip-Bu Tan as CEO with $69 Million Compensation Package

The semiconductor veteran is tasked with revitalizing Intel during a challenging transition period.

Lip-Bu Tan will receive a $1 million base salary, a 200% performance-based bonus, and $66 million in long-term equity awards and stock options.
Tan's compensation package includes a $25 million new-hire stock option grant and a requirement to purchase $25 million in Intel shares within 30 days of starting.
Intel's board ousted former CEO Pat Gelsinger, citing dissatisfaction with the pace of the company's turnaround efforts.
Tan, a seasoned executive with over 20 years of experience in semiconductors and software, previously led Cadence Design Systems to significant growth and transformation.
Intel shares have risen nearly 20% in 2025, with much of the increase attributed to optimism surrounding Tan's appointment.