JPMorgan Launches $1.5 Trillion Initiative
JPMorgan Chase has unveiled a major Security and Resiliency Initiative, pledging up to $1.5 trillion 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 $10 billion in direct equity and venture capital to support select US companies.
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Author's summary: JPMorgan launches a $1.5 trillion initiative.