Lip-Bu Tan’s base salary for the top post at the chip maker is $1 million a year, compared with the $1.25 million Pat Gelsinger received. The differences don’t end there.

Shares of INTC jumped over 8% on news that Tan has a turn-around plan for Intel, which could include staff layoffs and resurrected manufacturing.

Tan is allegedly looking to make staffing cuts and sweeping changes to the company's AI and chip manufacturing strategies.