According to a regulatory filing, Intel’s newly appointed CEO, industry legendary lip-bu tan, is ready to obtain a base salary of $ 1 million, with the ability to earn up to $ 2 million in bonus each year. Additionally, he is eligible for about $ 66 million in stock options and has grants associated with his performance over the next few years.

Tan, a veteran chip industry veteran and long -standing tech investor, was named the CEO of Intel last week, with Pat Gallinger, who left the post in December. According to report, Tan’s appointment has already promoted Intel’s stock, with an increase of about 20% in 2025, which is run by the investor optimism after the announcement.

The wholesale of Tan’s compensation comes as a long -term equity awards. He will receive a performance grant of $ 14.4 million and $ 17 million in stock units, both are vested in five years. However, Tan will not see a penny of those shares if Intel’s share price falls in the next three years. On the other hand, he can earn even more if the company performs better than the market.

Tan’s contract also includes a $ 9.6 million stock option package and a new-covered grant of $ 25 million. In a show of confidence, Tan personally agreed to buy an Intel shares worth $ 25 million and qualify for these awards.

Tan’s contract has a notable section “change in control” provision, which allows him to keep two-thirds of his stock awards if Intel undergoes a significant ownership change within 18 months of his joining. This section was not part of the agreement of the jellinger, highlighting the body faces, highlighting unique challenges because it takes the rudder of the struggling chipmaker.

In an email, Intel described the compensation of Tan as “market competitors”, emphasizing that most of his salary is associated with report, the long -term shareholder is associated with the price manufacturing. The company is placing a big bet on Tan’s deep industry expertise and a technical investor so that it can move around its luck.

Tan, who is actively associated with startups through his venture capital firm Walden International, will officially begin as CEO on 18 March. Their mission? To run Intel through a successful chip manufacturer and design powerhouse through its rocky transition. With millions of people on the line, all eyes will be on Tan to deliver.