Former Intel CEO Patrick Gelsinger will receive a severance payment of $7.85 million after he left the company in December, shared the firm in its annual proxy statement filed with the SEC earlier today. Gelsinger's departure was a surprise to many, and Intel's stock rallied after he left as investors bet on multiple options, including a potential spinoff of its foundry business to streamline the balance sheet. However, Intel's new CEO, Lip-Bu Tan continues to assert that he will focus on the foundry business, and the firm's SEC filing also reveals that it will cumulatively pay Gelsinger's two immediate successors, […]