Firstly; watch the videos, and read this article, and the reference article.
MLID never actually said Intel was cancelling their entire division. "Effectively cancelled" was the statement from the beginning. He never said they weren't going to keep making products, but that they would not be able to compete properly for at least 2-3 years.
Raj is gone. He was definitely let go, that wasn't a resignation. The division has been entirely restructured. They're a year behind, at least, and have cancelled or rebranded all of their high end SKUs. They're selling products at cost/at a loss. They're not competing with anything remotely high end. They aren't good value vs Nvidia or AMD due to power draw, even with the low prices RDNA2 is better in almost every way other than AV1 and at times raytracing. They're not making a lot of their dies at all at the moment for the aforementioned cost reasons.
ARC is dead in the water right now, and anything they produce is going to be basically irrelevant in the big scheme for at least a 1.5-2.5 years at this point.
I'd say that's bang on from him. The Intel and AMD leaks on the CPU/APU side have also been bang on. Sure, there's mistakes, but when you're dealing with internal politics and pre-release information you're always going to have variability in accuracy.