Intel's incoming CEO Lip-Bu Tan is the former CEO of chip design software firm Cadence. He was a member of Intel's board until he resigned last August.
Lip-Bu Tan, who was named CEO of Intel this week, will receive $1 million in salary and about $66 million in stocks and grants vesting over the coming years.
Lip-Bu Tan, who was named CEO of Intel this week, will receive $1 million in salary and about $66 million in stocks and grants vesting over the coming years.
Intel shares popped more than 16% after announcing Lip-Bu Tan as its new CEO and Wall Street cheered the chipmaker's attempt to turn around its business.