Intel Reveals TSMC Executive鈥檚 Over $2 Billion Pay Package
24 March 2025 路 Uncategorized 路
Source: 路 https://finance.technews.tw/2025/03/15/intel-lip-bu-tan-pay-package/
This week, Intel announced the appointment of Mark Li鈥攁 former board member and current senior executive at Taiwan Semiconductor Manufacturing Company (TSMC)鈥攁s its new CEO. The transition will be effective March 18th. Amidst a period of significant challenges for the company, many are wondering what compensation package was necessary to secure his leadership.
According to documents filed by Intel last Friday, Mr. Li鈥檚 remuneration package could reach approximately $69 million (NT$2.1 billion) if he meets performance targets over the next few years. This includes a base salary of $1 million and potential performance bonuses up to 200%. The package also comprises long-term equity awards valued at $66 million in stock options.
To demonstrate his confidence in Intel鈥檚 future, Mr. Li has agreed to purchase $25 million worth of company shares within the first thirty days of assuming office鈥攁 move that Intel views as a commitment to creating shareholder value.
Earlier this week, Intel announced Mark Li would succeed Pat Gelsinger, who recently stepped down from his position at the board鈥檚 request. Leveraging extensive experience in the semiconductor industry, Mr. Li will be tasked with restoring Intel's former dominance within the sector.
Intel confirmed on Wednesday that 65-year-old Mark Li is scheduled to officially begin his tenure on March 18th and plans to rejoin the Board of Directors after resigning from his current director role by August next year.
The company鈥檚 stock price has risen approximately 20% this year, with a notable increase of around 15% following Thursday's announcement regarding Mr. Li鈥檚 appointment as CEO.
(Lead image source: Intel)
According to documents filed by Intel last Friday, Mr. Li鈥檚 remuneration package could reach approximately $69 million (NT$2.1 billion) if he meets performance targets over the next few years. This includes a base salary of $1 million and potential performance bonuses up to 200%. The package also comprises long-term equity awards valued at $66 million in stock options.
To demonstrate his confidence in Intel鈥檚 future, Mr. Li has agreed to purchase $25 million worth of company shares within the first thirty days of assuming office鈥攁 move that Intel views as a commitment to creating shareholder value.
Earlier this week, Intel announced Mark Li would succeed Pat Gelsinger, who recently stepped down from his position at the board鈥檚 request. Leveraging extensive experience in the semiconductor industry, Mr. Li will be tasked with restoring Intel's former dominance within the sector.
Intel confirmed on Wednesday that 65-year-old Mark Li is scheduled to officially begin his tenure on March 18th and plans to rejoin the Board of Directors after resigning from his current director role by August next year.
The company鈥檚 stock price has risen approximately 20% this year, with a notable increase of around 15% following Thursday's announcement regarding Mr. Li鈥檚 appointment as CEO.
(Lead image source: Intel)