Because INTC is keeping 50% of all Mobileye shares long term, that means they will keep 400 million shares for their shareholders (~800m total shares, although for now they still own 95% – they may eventually offload the 45% if the value and demand is there).
there are 4 billion INTC shares, so each share is basically assigned 0.1 mobileye share, or every 10 intel shares includes 1 full mobileye share.
So INTC share price is really discounted by 10% of a mobileye share. eg Mobileye at $28 means that an INTC share is worth $2.8 of mobileye value, so at the current price of $27.5, the MBLY part is $2.8 and the INTC part is $24.7 (MBLY at current cheap prices is worth 11.33% of an INTC share price).
Once you factor in the dividend for the INTC part only because MBLY doesnt pay a dividend, it gets even better. Its great the market can now assign some value to INTC assets instead of ignoring them, or guessing random amounts. If MBLY increases it might reach over 25% of each INTC share dollar weighting at some point.
Lastly a large increase in MBLY will bring in lots of capital to INTC when they sell another 45% of the company, which they will only do if the price shoots up and has large demand.
Maybe even Elon will secretly buy some as TSLA self driving is more like human driving with some aids and hes slowed down on making false promises to his shareholders about it recently.
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