Intel's Pat Gelsinger departing chipmaker with millions in severance

Intel's former CEO Pat Gelsinger is in line to receive millions of dollars in severance and other compensation following his decision this weekend to step down and retire from the struggling chipmaker. The 63-year-old Gelsinger resigned from Intel and its subsidiary, Mobileye, on Sunday, Dec. 1, after spending three decades of his career at the company, including the last four years as its CEO. The chipmaker has struggled amid the rise of rivals like Nvidia and Taiwan Semiconductor Manufacturing Co., and Ge ...