US EditionJPMorgan unveils $1.5 trillion plan to boost investments in US strategic industries
- On Monday, JPMorgan Chase unveiled a decade-long $1.5 trillion Security and Resiliency Initiative to finance energy, manufacturing and defense projects across the United States.
- The firm is building on a $1 trillion domestic initiative, increasing it by $500 billion, which JPMorgan said represents a 50% rise from its previous plan.
- As part of the plan, JPMorgan Chase will invest up to $10 billion in direct equity and venture capital, hire additional bankers, and form an external advisory council.
- Amid rising U.S.-China tensions, JPMorgan framed the move as strengthening national security, with Dimon stating `It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing`.
- This year, other big companies announced similar U.S. investment plans, and JPMorgan said it will advocate policy changes and conduct targeted research on rare earths and AI, though financing details remain unclear.
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New York, Oct 13 (EFE).- JPMorgan Chase announced Monday that it will invest up to $10 billion in a plan to mobilize $1.5 trillion to “finance and invest in industries crucial to the growth of the U.S. economy, such as defense, energy and manufacturing.” The organization noted in a statement that it will directly invest $10 billion in companies considered crucial to U.S. national security as part of an initiative to help protect the country’s ec…
JPMorgan to invest up to $10 billion in U.S. national security
JPMorgan Chase will directly invest up to $10 billion in U.S. companies with crucial ties to national security. The investment plan revealed Monday will focus on four areas: supply chain and advanced manufacturing in critical minerals, pharmaceutical precursors, and robotics; defense and aerospace; energy independence, with investments in battery storage and grid resilience; and strategic technologies, including artificial intelligence, cybersec…
InsideNoVA.com
JPMorganChase to invest $10B in U.S. firms key to national security
(The Center Square) – JPMorganChase said Monday it would invest $10 billion in industries tied to U.S. national security as part of a decade-long plan to help protect the U.S. economy as global trade tensions rise.
This programme aims to "facilitate, finance and invest in industries crucial for national economic security and resilience", says the group in a press release
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