We filed a tech support request with Microsoft on this topic. After about 3 months of lingering with lower level support teams, the issue was escalated to higher level support, which took about 1h to provide a solution:
1.) Locate in Registry:
HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Services\pcip
2.) Under ImagePath key, verify that the path to the driver is correct. In our case it was missing a backslash.
The correct full ImagePath is: \SystemRoot\System32\drivers\pcip.sys
Microsoft reported, that the issue was caused by an error in an .inf file, which is/was provided possibly by Intel?