JPMorgan Chase announced plans to invest up to $10 billion in U.S. companies critical to national security and economic resilience as part of a broader $1.5 trillion, 10-year initiative. The program aims to support sectors such as defense, energy, manufacturing, and frontier technologies including AI and quantum computing.
The bank said the funds will be deployed through direct equity and venture capital investments, alongside financing that supports key industries driving U.S. growth. Shares of JPMorgan rose more than 2% following the announcement.
CEO Jamie Dimon emphasized that the initiative is entirely commercial in nature and independent of government influence. The plan will also establish an advisory council and hire additional bankers and investment professionals to oversee the effort.
JPMorgan estimates it will facilitate about $1.5 trillion in financing over the next decade for clients across 27 sub-sectors, ranging from shipbuilding and nuclear energy to nanomaterials and secure communications. Mary Erdoes and Doug Petno will oversee the program, which the firm says is designed to strengthen America’s industrial base and supply chain resilience amid shifting geopolitical dynamics.
Source: Reuters
