Intel&#8217;s ex-CEO Pat Gelsinger set to net more than $10M in severance pay

Intel’s ex-CEO Pat Gelsinger set to net more than $10M in severance pay

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Intel's former CEO Pat Gelsinger set to receive over $10M in severance pay.

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Intel faced a difficult year, including a 30% drop in valuation and 15,000 layoffs.

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Gelsinger was given the option to retire or be fired after nearly 4 years as CEO.

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Intel's transition to a foundry chip manufacturing model continues to create uncertainty.

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