US chipmaker Intel's new CEO Lip-Bu Tan will receive a salary of $1 million and be eligible for an annual cash bonus of up to $2 million, the company said in a regulatory filing on Friday.
US chipmaker Intel's new CEO Lip-Bu Tan will receive a salary of $1 million and be eligible for an annual cash bonus of up to $2 million, the company said in a regulatory filing on Friday. The company named Tan as the CEO on Wednesday, tasking the industry veteran to lead a faltering transition to a successful chip manufacturing firm as well as chip design house. He will take charge on March 18.
Owing to his deep experience in the chip industry and as a longtime technology investor, Tan has been seen as a contender for the top job since December, when Intel ousted CEO Pat Gelsinger. Gelsinger's employment agreement did not have the 'change in control' clause. His contract included a base salary of $1.25 million, and he was eligible for annual cash bonuses of up to 275 percent of that, according to regulatory filings.
New Boss To Receive $1-M Base Salary
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Intel’s new CEO Lip-Bu Tan has a history as a successful underdogSAN FRANCISCO, USA – Lip-Bu Tan may be one of the most powerful technology executives you've never heard of. As he steps into one of the highest-profile
Read more »
Intel hires former board member as new CEOSTRUGGLING chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a succes-sion of CEOs to attempt to turn around a once-dominant company that helped define Silicon Valley.
Read more »
ASUS Philippines: First to launch Intel & AMD’s latest chips with Zenbook AI LaptopsASUS Philippines today announced the availability of the latest addition to its comprehensive AI Laptop line-up with the 2025 ASUS Zenbook series. Powered
Read more »
Dela Rosa favors limiting allocation of confidential, intel funds'Ang solusyon diyan para hindi talaga maabuso is tanggalin.'
Read more »
TSMC considers running Intel’s US factories after Trump team request | Mackenzie Hawkins & Ian KingTaiwan Semiconductor Manufacturing Co. is considering taking a controlling stake in Intel Corp.’s factories at the request of Trump administration officials, a person familiar with the matter said, as the president looks to boost American manufacturing and maintain US leadership in critical technologies.
Read more »
Ex-intel officer wanted for murder, other cases nabbed after almost 2 decadesLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »