Intel’s New CEO Lip-Bu Tan to Receive $1M Salary, $2M Bonus Potential

U.S. chipmaker Intel announced in a regulatory filing on Friday that its newly appointed CEO, Lip-Bu Tan, will receive a base salary of $1 million. He will also be eligible for an annual cash bonus of up to $2 million, depending on performance.

Tan, a veteran in the semiconductor industry, takes the helm at a crucial time as Intel navigates intense competition and global supply chain challenges. His leadership is expected to play a key role in the company’s strategic direction and efforts to regain market dominance.