JPMorgan Chase has announced a decade-long $1.5tn investment initiative to finance and invest in industries central to U.S. national security, including defence, energy, and advanced manufacturing, according to sources cited by Reuters.

The plan, described by the bank as its “security and resiliency initiative,” will focus on four strategic areas, supply chain and manufacturing, defence and aerospace, energy independence, and frontier technologies such as artificial intelligence and quantum computing.

As part of the effort, the bank plans to deploy up to $10bn of its own capital through direct equity and venture investments, targeting high-growth companies and key industrial players. It will also hire additional bankers and establish an external advisory council composed of public and private sector leaders.

“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,” said Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase.

The announcement comes amid renewed U.S.-China trade tensions, with President Donald Trump vowing to raise tariffs following China’s decision to curb rare earth exports. JPMorgan recently advised the government on its deal with MP Materials, a leading domestic rare earth mining company.

Andrew Castaldo, Co-Head of Mid-Cap M&A at JPMorgan, said the bank had “no less than 100 calls” from clients exploring similar strategic partnerships following the MP Materials transaction.

The initiative will target 27 sub-sectors ranging from nuclear energy and shipbuilding to secure communications and nanomaterials. JPMorgan said it would also expand its geopolitical research programme to map supply chain vulnerabilities and emerging technological risks.

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