JPMorgan to invest up to $10 billion in U.S. 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."

""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," Chairman and CEO Jamie Dimon said in a statement. "Our security is predicated on the strength and resiliency of America's economy. America needs more speed and investment.""

""America needs more speed and investment," Dimon said. "It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock and an education system not aligned to the skills we need.""

JPMorgan Chase will directly invest up to $10 billion in U.S. companies with crucial ties to national security and plans to finance roughly $1 trillion over the next decade in support of related clients. The initiative focuses on supply chains and advanced manufacturing, defense and aerospace, energy independence including battery storage and grid resilience, and strategic technologies such as AI, cybersecurity, and quantum computing. The effort is part of a $1.5 trillion, 10-year Security and Resiliency Initiative and includes prior financing support for MP Materials and a Defense Department investment. The bank also plans staffing increases and seeks to remove regulatory and educational obstacles to accelerate investment.

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