Intel Appoints Lip-Bu Tan as CEO with $1 Million Base Salary and Performance-Based Incentives
Intel has appointed Lip-Bu Tan as its new CEO, effective March 18, 2025. Tan's compensation package includes a $1 million base salary, eligibility for a $2 million annual cash bonus, and long-term equity incentives, reflecting the company's strategic focus on leadership and growth in the semiconductor industry.

Source: newsroom.intel.com
Intel Corporation has announced the appointment of Lip-Bu Tan as its new Chief Executive Officer, effective March 18, 2025. Tan, a seasoned veteran in the semiconductor industry and a prominent technology investor, is set to lead Intel through a pivotal phase in its evolution.
Compensation Package Details
According to a recent regulatory filing, Tan's compensation package comprises several components:
- Base Salary: $1 million annually.
- Annual Cash Bonus: Eligible for up to $2 million, contingent upon performance metrics.
- Long-Term Equity Incentives: Tan's total compensation is valued at approximately $69 million, including long-term equity grants and performance-based incentives.
- Notably, Tan's employment agreement includes a three-year performance target. This provision allows him to retain two-thirds of his stock awards if a "change in control" or significant ownership shift occurs within 18 months of his tenure.
Comparison with Predecessor's Compensation
Tan succeeds Pat Gelsinger, who was ousted in December 2024. Gelsinger's compensation package differed in several respects:
- Base Salary: $1.25 million annually.
- Annual Cash Bonus: Eligible for up to 275% of his base salary.
- Additional Payouts: Eligible for up to $12 million upon departure.
- Gelsinger's contract did not include a "change in control" clause, a feature present in Tan's agreement.
Also Read: OpenAI and Elon Musk Agree to Expedited Trial Over For-Profit Transition
Tan's Professional Background
Lip-Bu Tan brings extensive experience to Intel, with a distinguished career in the semiconductor industry and venture capital. He is the founder and chairman of Walden International, a venture capital firm specializing in technology investments. His deep industry knowledge and strategic vision are expected to drive Intel's growth and innovation in the competitive semiconductor market.
Conclusion
Intel's appointment of Lip-Bu Tan as CEO, coupled with a comprehensive compensation package, underscores the company's commitment to securing experienced leadership. As Intel navigates the dynamic landscape of the semiconductor industry, Tan's expertise is anticipated to play a pivotal role in steering the company toward sustained success.
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