"JPMorgan Chase will directly invest up to $10 billion in U.S. companies with crucial ties to national security. The investment plan revealed Monday will focus on four areas: supply chain and advanced manufacturing in critical minerals, pharmaceutical precursors and robotics; defense and aerospace; energy independence, with investments in battery storage and grid resilience; and strategic technologies, including artificial intelligence, cybersecurity and quantum computing. The investment is part of the bank's Security and Resiliency Initiative, a $1.5 trillion, 10-year plan to facilitate, finance and invest in industries critical to national security."
"This summer, JPMorgan helped put together a deal under which the Defense Department agreed to invest $400 million in U.S. rare earth company MP Materials. The bank is also providing financing for MP Materials' second magnet producing factory in the U.S. The nation's largest bank plans to finance approximately $1 trillion over the next decade in support of clients in these industries. JPMorgan Chase is looking to increase this amount by up to $500 billion, or a 50% increase, with additional resources and capital."
JPMorgan Chase will directly invest up to $10 billion in U.S. companies tied to national security and plans to finance approximately $1 trillion over the next decade, with potential to increase that by $500 billion. The investment focuses on supply chain and advanced manufacturing in critical minerals, pharmaceutical precursors and robotics; defense and aerospace; energy independence including battery storage and grid resilience; and strategic technologies such as artificial intelligence, cybersecurity and quantum computing. The initiative is part of a $1.5 trillion, 10-year Security and Resiliency Initiative. The bank will hire additional bankers and investment professionals to support these efforts.
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