JPMorgan launches decade-long plan to boost U.S. energy, defense, and tech resilience

JPMorgan Chase announced plans to invest up to $10 billion in U.S.-based companies critical to national security — including defense, energy independence, and advanced manufacturing. CEO Jamie Dimon warned that the U.S. had become “painfully reliant on unreliable sources” for vital materials and products, calling the move essential for America’s long-term stability.

Source Financial Times

The initiative is part of a broader $1.5 trillion financing program aimed at strengthening supply chains and critical industries over the next decade. “You need America to be very strong to secure global security,” Dimon said, emphasizing that the bank’s goal is to bolster domestic resilience rather than depend on foreign partners.

Dimon clarified that the plan is purely commercial, not philanthropic, and aligns closely with Trump-era “America First” principles — focusing on securing strategic independence from China in rare earth minerals and key technologies. The announcement positions JPMorgan as a major player in reshaping U.S. industrial policy for the coming decade.