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United States $93 Billion Tech Giant Intel to Cut 21,000 Jobs Representing 20% of Intel 108,900 Global Workforce, New CEO Lip-Bu Tan Received $69 Million Pay Package Comprising of $1 Million Salary, 200% Performance Bonus and $66 Million in Equity, Stock Options & Incentives, Intel Founded in 1968 by Gordon Moore, Robert Noyce & Arthur Rock
25th April 2025 | Hong Kong
United States tech giant Intel ($93 billion market value) has announced to cut more than 21,000 jobs, representing 20% of Intel 108,900 global workforce. In 2025 March, Intel ($103 billion market value) new CEO Lip-Bu Tan received a $69 million pay package comprising of $1 million salary, 200% performance bonus and $66 million in equity, stock options & incentives. Intel was founded in 1968 by Gordon Moore, Robert Noyce & Arthur Rock. Intel share price is +18.9% YTD, -43.6% in last 12 months & -47.5% in last 5 years. Lip-Bu Tan (Age 59) was born in Malaysia, studied in Singapore & is a United States citizen. Lip-Bu Tan is founder & Chairman of venture capital firm Walden International, and is a board member of Schneider Electric Energy & Sustainability Services & Carnegie Mellon University Trustee, and ex-board member of SoftBank & Hewlett Packard Enterprise. Intel – Intel’s mission is to shape the future of technology to help create a better future for the entire world. By pushing forward in fields like AI, analytics and cloud-to-edge technology, Intel’s work is at the heart of countless innovations. From major breakthroughs like self-driving cars and rebuilding the coral reefs, to things that make everyday life better like blockbuster effects and improved shopping experiences — they’re all powered by Intel technology. With a career at Intel, you have the opportunity to help make the future more wonderful for everyone. Profile – Lip-Bu Tan is a longtime technology investor and widely respected executive with more than 20 years of semiconductor and software experience as well as deep relationships across Intel’s ecosystem. He served as CEO of Cadence Design Systems from 2009 to 2021, where he led a reinvention of the company and drove a cultural transformation centered on customer-centric innovation. During his time as CEO, Cadence more than doubled its revenue, expanded operating margins and delivered a stock price appreciation of more than 3,200%. Tan served as a member of the Cadence board of directors for 19 years, from his appointment in 2004 through his service as executive chairman from 2021 to 2023 following his tenure as CEO. He is also a founding managing partner of Walden Catalyst Ventures and chairman of Walden International. He has significant public company board experience, currently serving on the boards of Credo Technology Group and Schneider Electric. Tan holds a Bachelor of Science in physics from Nanyang Technological University in Singapore, a Master of Science in nuclear engineering from the Massachusetts Institute of Technology and an MBA from the University of San Francisco. In 2022, he received the Robert N. Noyce Award, the Semiconductor Industry Association’s highest honor.
“ United States $93 Billion Tech Giant Intel to Cut 21,000 Jobs Representing 20% of Intel 108,900 Global Workforce, New CEO Lip-Bu Tan Received $69 Million Pay Package Comprising of $1 Million Salary, 200% Performance Bonus and $66 Million in Equity, Stock Options & Incentives, Intel Founded in 1968 by Gordon Moore, Robert Noyce & Arthur Rock “
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$103 Billion Intel New CEO Lip-Bu Tan Received $69 Million Pay Package Comprising of $1 Million Salary, 200% Performance Bonus and $66 Million in Equity, Stock Options & Incentives, Founded in 1968 by Gordon Moore, Robert Noyce & Arthur Rock, Intel Share Price +18.9% YTD, -43.6% in Last 12 Months & -47.5% in Last 5 Years
16th March 2025 – Intel ($103 billion market value) new CEO Lip-Bu Tan has received a $69 million pay package comprising of $1 million salary, 200% performance bonus and $66 million in equity, stock options & incentives. Intel was founded in 1968 by Gordon Moore, Robert Noyce & Arthur Rock. Intel share price is +18.9% YTD, -43.6% in last 12 months & -47.5% in last 5 years. Lip-Bu Tan (Age 59) was born in Malaysia, studied in Singapore & is a United States citizen. Lip-Bu Tan is founder & Chairman of venture capital firm Walden International, and is a board member of Schneider Electric Energy & Sustainability Services & Carnegie Mellon University Trustee, and ex-board member of SoftBank & Hewlett Packard Enterprise. Intel – Intel’s mission is to shape the future of technology to help create a better future for the entire world. By pushing forward in fields like AI, analytics and cloud-to-edge technology, Intel’s work is at the heart of countless innovations. From major breakthroughs like self-driving cars and rebuilding the coral reefs, to things that make everyday life better like blockbuster effects and improved shopping experiences — they’re all powered by Intel technology. With a career at Intel, you have the opportunity to help make the future more wonderful for everyone. Profile – Lip-Bu Tan is a longtime technology investor and widely respected executive with more than 20 years of semiconductor and software experience as well as deep relationships across Intel’s ecosystem. He served as CEO of Cadence Design Systems from 2009 to 2021, where he led a reinvention of the company and drove a cultural transformation centered on customer-centric innovation. During his time as CEO, Cadence more than doubled its revenue, expanded operating margins and delivered a stock price appreciation of more than 3,200%. Tan served as a member of the Cadence board of directors for 19 years, from his appointment in 2004 through his service as executive chairman from 2021 to 2023 following his tenure as CEO. He is also a founding managing partner of Walden Catalyst Ventures and chairman of Walden International. He has significant public company board experience, currently serving on the boards of Credo Technology Group and Schneider Electric. Tan holds a Bachelor of Science in physics from Nanyang Technological University in Singapore, a Master of Science in nuclear engineering from the Massachusetts Institute of Technology and an MBA from the University of San Francisco. In 2022, he received the Robert N. Noyce Award, the Semiconductor Industry Association’s highest honor.
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