It’s a 10-year long plan.
Transcript: JP Morgan is betting big on America’s future.
The nation’s largest bank announced a 10-year plan to invest up to $10 billion in companies it calls “critical” to economic security and resiliency.
The money will target four key areas: defense and aerospace, frontier tech like AI and quantum computing, energy technology including advanced batteries, and supply-chain and manufacturing.
It’s part of a sweeping effort to finance or facilitate $1.5 trillion for companies vital to national security – about 50% more than its previous plan.
The plan will span 27 industries – from nanomaterials and autonomous robots to spacecraft, nuclear power, and data centers – and JPMorgan plans to hire more bankers and form an outside advisory council to steer the effort.
CEO Jamie Dimon said the U.S. has become “too reliant on unreliable sources” for critical materials and manufacturing – warning that dependence poses a risk to America’s economic and national security.
The move comes as tensions with China flare once again – after President Trump threatened steep tariffs on Chinese imports, following Beijing’s export curbs on rare earth minerals.
Dimon says Washington needs to “remove obstacles” like red tape, regulatory delays, and partisan gridlock to keep the U.S. competitive.
He added: “Our security is predicated on the strength and resiliency of America’s economy.
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