Intel 's newly appointed Chief Executive Officer (CEO), Lip-Bu Tan, will receive a compensation package worth around $69 million. The details of the package were revealed in a recent company filing. It includes an annual salary of $1 million and a performance-based bonus of up to 200%.

The 65-year-old seasoned professional from the semiconductor sector, who has held a board position at Intel in the past, is responsible for enhancing efforts to bring the company back to the leading position in an industry it ruled for many years.