JPMorgan Chase to invest $10 billion into key industries
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the JPMorgan Chase & Co. meeting held in Paris, France, on Thursday, May 15, 2025. During a Bloomberg Television interview at the Capital Markets conference.
Cyril Marcilhacy | Bloomberg | Getty Images
JPMorgan Chase It said on Monday that it was launching a ten-year plan to help finance and take direct stakes in companies it deems important to U.S. interests.
The bank said in a statement it would invest up to $10 billion in companies in four areas: defense and aerospace, “frontier” technologies including artificial intelligence and quantum computing, energy technology and supply chain including batteries, and advanced manufacturing.
The money is part of a broader effort called the Security and Resilience Initiative. JPMorgan said it would finance or facilitate $1.5 trillion in financing for companies it described as vital to the initiative. It was stated that the total amount was 50% more than the previous plan.
“It has become painfully clear that the United States has allowed itself to become dependent on unreliable sources of critical minerals, products, and manufacturing, all of which are vital to our national security,” JPMorgan CEO Jamie Dimon said in the statement.
JPMorgan, the largest American bank by assets and a Wall Street juggernaut, was already funding and lending to companies in these sectors. But the move helps organize the company’s activities around national interests at a time when tensions between the United States and China are rising.
Markets fell on Friday as President Donald Trump announced new tariffs on Chinese imports after the United States’ leading trading partner tightened export controls on rare earths.
In the statement, Dimon said the United States must “remove obstacles” including excessive regulations, “bureaucratic delay” and “partisan gridlock.”
“Our security depends on the strength and resilience of America’s economy,” Dimon said. “This new initiative includes efforts to ensure reliable access to life-saving medicines and critical minerals, defend our nation, build energy systems to meet AI-driven demand, and advance technologies such as semiconductors and data centers.”
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