CovfefeGlobalFoundries' $21 billion New York plan, Alaska LNG and a Taiwan offtake, and a gross output link, Oct 14-16
This note picks up after the Oct 12 to Oct 14 recap and runs from Wednesday morning through early Friday UTC (Oct 14 to Oct 16). Most of the feed in that window was rally clips, endorsements, and campaign commentary. Two posts published ten minutes apart on Wednesday carried most of the business detail: one on a GlobalFoundries semiconductor investment in New York, and one on the Alaska LNG project.
Alaska LNG, Korean investment, and a Taiwan offtake (Wednesday, Oct 14)
At 16:29 UTC on Wednesday (9:29 AM Pacific), a post described the Alaska LNG project and new commitments tied to it:
I was just in Alaska launching the largest Energy Infrastructure Project in Alaska History— The Alaska LNG Project. This 50 Billion Dollar Infrastructure Investment from The Republic of Korea is part of their Trade and Investment Deal with me. I am also announcing today that my Commerce Secretary, Howard Lutnick, has secured an Offtake Commitment from Taiwan of between 70 to 80 Billion Dollars for Alaska LNG — That is 30% of the Pipeline for the next 20 years. This is the largest Offtake Agreement in History. On top of that, Taiwan has also agreed to Invest 4.4 Billion Dollars in Equity into the Project, because this is now a U.S. Federal Government Project, with all necessary permits secured, and all necessary authorizations delivered, and ready to go. This is the GREATEST Project in Alaska History, and this only happens with me in the White House. Thank you for your attention to this matter. President DONALD J. TRUMP
Source: Truth Social post
Covfefe's automated relevance score for this item was 8, the highest in this window. The post names four figures: a $50 billion investment from the Republic of Korea, a Taiwan offtake commitment of $70 billion to $80 billion, a 30% share of the pipeline over 20 years, and a $4.4 billion Taiwanese equity investment. It also says the project is now a U.S. federal government project with permits and authorizations in place. It does not name the Korean or Taiwanese companies or agencies involved, a construction schedule, or volumes in cubic feet or tonnes. Those figures are as stated in the post; this recap has not checked them against company filings, government releases, or permit records.
Earlier that morning, at 11:49 UTC, a link post shared a Just the News article headlined "Trump proves he can undo Biden’s energy damage in Alaska in short order" (post). It scored 4.
GlobalFoundries and a $21 billion New York plan (Wednesday, Oct 14)
At 16:39 UTC on Wednesday (9:39 AM Pacific), a longer post announced a semiconductor investment in Malta, New York:
ANOTHER MASSIVE 21 BILLION DOLLAR INVESTMENT FOR AMERICA!
Today, under my leadership, GlobalFoundries and my Department of Commerce led by Secretary Howard Lutnick announced a MASSIVE 21 BILLION INVESTMENT to build 2 giant new Semiconductor Manufacturing Facilities in Malta, New York.
This DEAL will create 27,000 high paying Construction and Supply Chain Jobs and over 1,000 additional highly skilled Manufacturing Jobs in New York.
Under my direction, JAPAN WILL PROVIDE THE CAPITAL for the 21 Billion Dollar Investment. This DEAL is a result of my HISTORIC TRADE DEALS to REVITALIZE the American Industrial Base, create HUNDREDS OF THOUSANDS OF GREAT AMERICAN JOBS, and strengthen our National and Economic Security.
We are turning the Investment commitments from Japan, Korea and Taiwan into HUGE Construction Projects. These are TRANSFORMATIONAL AND GENERATIONAL DEALS FOR AMERICA — More Semiconductors, more Power, more Energy Security, and more Jobs for the U.S.A.
As I showed with our massive WIN with INTEL, my Administration's Commerce Department is the first to ever earn money for America. I am announcing an additional agreement with GlobalFoundries where the U.S. Taxpayer will receive shares in GlobalFoundries. My Commerce Department will invest 955 Million Dollars in Silicon Photonics, Silicon Germanium, and Advanced Packaging. This brings our total Investments to 1.63 Billion Dollars, and now, the U.S. Government’s stake is worth over 2 Billion Dollars. We are the first Administration ever to turn Grants into money for America. Your great Businessman President running the Greatest Economy in the World — AN ALL-AROUND HUGE WIN FOR AMERICA! President DONALD J. TRUMP
Source: Truth Social post
Covfefe's automated relevance score for this item was 7. The item was tagged with the GlobalFoundries ticker, GFS, along with the semiconductor and manufacturing sectors and Japan, Korea, and Taiwan.
The post makes several separate claims. It says GlobalFoundries and the Commerce Department announced $21 billion for two new chip plants in Malta, New York, and that Japan will provide the capital. It puts the job count at 27,000 construction and supply chain jobs plus over 1,000 manufacturing jobs. It also describes a second agreement in which U.S. taxpayers receive GlobalFoundries shares, with the Commerce Department investing $955 million in silicon photonics, silicon germanium, and advanced packaging. Finally, it puts total investments at $1.63 billion and says the government's stake is now worth over $2 billion.
The post does not give a share count, a price per share, a timeline for the plants, or the terms of the Japanese financing. All figures are as written in the post; this recap has not compared them with any GlobalFoundries or Commerce Department release.
A gross output link (Thursday UTC, Oct 15)
At 05:07 UTC on Thursday (10:07 PM Pacific on Wednesday), a post shared a Wall Street Journal opinion piece with a screenshot attached:
Gross Output Signals an Economic Surge: https://www.wsj.com/opinion/gross-output-signals-an-economic-surge-ee8e462e
Source: Truth Social post
Covfefe's automated relevance score for this item was 3. The attached image shows the opinion article, which is by Mark Skousen, according to the screenshot. The article's argument is about gross output, a broader measure of spending across the supply chain than GDP. The post adds no comment of its own beyond the headline and link.
Texas Senate race and oil drilling (Friday UTC, Oct 16)
At 04:52 UTC on Friday (9:52 PM Pacific on Thursday), a post tied the Texas Senate race to oil drilling:
James TalaFREAKO, who is running for U.S. Senate against the greatest Attorney General in the history of Texas, recently stated, with a large mask covering his face as he spoke, that, “FOSSIL FUELS ARE DESTROYING THE PLANET.” In other words, no more drilling for Oil in Texas. That should be the end of his campaign!!! President DJT
Source: Truth Social post
Covfefe's automated relevance score for this item was 2. The post attributes a quote about fossil fuels to a Senate candidate and reads it as opposition to oil drilling in Texas. It does not link a source for the quoted remark, and this recap has not verified when or where it was said.
Also in the feed
- Wednesday, Oct 14: a link to a Just the News article about an Ohio submarine repair facility (post), scored 2.
- Thursday, Oct 15: a rally video from Kalispell, Montana, scored 3. Topics tagged for the item included North Korea and diplomacy (post).
- Friday, Oct 16: a post sharing a Politico report that Justice Samuel Alito is considering retirement (post), scored 2.
- Throughout: rally announcements for Montana and Iowa, endorsements in Ohio and Texas races, and other political commentary.
Scope of this recap
This note restates selected items from the Covfefe feed for Oct 14 to Oct 16 UTC. It does not evaluate the claims, track market reactions, or forecast what happens next. Anyone who needs these posts as they land can follow the same feed in near real time on Covfefe.
Covfefe publishes information, not investment advice. Nothing here is a recommendation to buy, sell, or hold any asset. Quoted posts link to their original source.