Former Intel CEO Pat Gelsinger is in line to receive millions of dollars in severance following his decision to step down from the struggling chipmaker, according to company filings.

Intel’s interim co-chiefs promised to invest heavily in the company’s chip designs and pursue new customers for its contract chip-making business after the architect of the company’s turnaround bid [was abruptly ousted early this month.

Intel ousted CEO Pat Gelsinger over the weekend , capping a tumultuous nearly four-year tenure at what was America's leading semiconductor company before its stock price and market share collapsed.