JPMorgan Chase has unveiled a $1.5 trillion investment plan to bolster core U.S. industries such as energy, defense, and advanced technology, calling it essential to restoring American industrial strength and resilience.
Under the 10-year initiative, announced on Oct. 13, the bank will facilitate, finance, and invest up to $1.5 trillion in industries deemed vital to U.S. security, including advanced manufacturing, defense technology, energy infrastructure, frontier fields such as artificial intelligence (AI) and quantum computing, as well as critical minerals.
“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—all of which are essential for our national security,” Jamie Dimon, CEO of JPMorganChase, said in a statement. “Our security is predicated on the strength and resiliency of America’s economy.”…