New York: JPMorgan Chase on Monday unveiled a landmark plan to invest up to $10 billion in U.S. companies considered critical to national security and economic resilience. This effort forms part of a broader $1.5 trillion, 10-year initiative designed to facilitate, finance, and invest in industries central to the growth and security of the U.S. economy, including defense, energy, and manufacturing.
CEO Jamie Dimon emphasized that the U.S. has become overly dependent on unreliable foreign sources for critical minerals, products, and manufacturing. He stressed the urgent need to enhance domestic supply chains to protect national security. “America needs more speed and investment,” Dimon said, calling for policy reforms to reduce regulatory delays and address workforce challenges.
The initiative, branded as JPMorgan’s “Security and Resiliency Program,” targets four strategic sectors: supply chain and manufacturing, defense and aerospace, energy independence, and frontier technologies such as artificial intelligence and quantum computing. Within these sectors, 27 sub-sectors have been identified, ranging from shipbuilding and nuclear energy to nanomaterials and secure communications. Investments will include both middle-market companies and large corporate clients.
As part of the plan, JPMorgan will hire additional bankers and investment professionals to ensure efficient execution and sector expertise. The firm also plans to establish an external advisory council comprising public- and private-sector leaders, while expanding research on supply chain vulnerabilities and emerging technologies through its Center for Geopolitics.
The announcement aligns with U.S. governmental efforts to modernize infrastructure and reduce reliance on foreign supply chains, especially in pharmaceuticals, semiconductors, clean energy, and rare earth minerals. The initiative also follows renewed trade tensions with China, particularly concerning rare earth exports.
JPMorgan’s stock responded positively to the announcement, rising 1.4% in pre-market trading. The firm’s decade-long pledge is seen as a decisive step toward strengthening U.S. industrial capabilities, securing key technologies, and fostering long-term economic resilience.