JPMorgan Launches $1.5trn Initiative
JPMorgan Chase has unveiled a major Security and Resiliency Initiative, pledging up to $1.5tn over the next decade to facilitate, finance and invest in industries considered critical to national economic security.
The initiative aims to address urgent requirements in important sectors, from critical minerals to “frontier” technologies, and fortify US supply chains that have been exposed by geopolitical risks and over-reliance on foreign sources.
JPMorgan Chase plans to invest up to $10bn in direct equity and venture capital to support select US companies.
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Author's summary: JPMorgan invests $1.5trn in critical industries.
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