Meanwhile, workers at Intel's Leixlip plant could have to wait until July to learn if their jobs will be impacted by the company's reduction of its global workforce.
Intel shareholders approved a plan to boost share reserves for hiring and to compensate new CEO Lip-Bu Tan, who could receive $42 million in stock based on performance.
The figure is the potential total value of the stock awards, assuming Intel hits the performance targets.
Shares fell 1.6% Tuesday and are down 36% over the past year.
Meanwhile, workers at Intel's Leixlip plant could have to wait until July to learn if their jobs will be impacted by the company's reduction of its global workforce.
The company will continue to focus investment on the manufacturing of semiconductor products, which is the primary activity in its Leixlip site.
The chip maker says it wants to 'streamline' the organisation and cut down on management layers so decisions can be made more quickly.
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