JPMorgan Chase announced on Monday a sweeping 10-year plan aimed at financing and investing directly in companies it views as vital to the strategic and economic strength of the United States.

According to the bank, the initiative will channel up to $10 billion into firms across four critical sectors: defense and aerospace, emerging technologies such as artificial intelligence and quantum computing, energy innovation including battery systems, and supply chain resilience with a focus on advanced manufacturing.

This investment is part of a much larger framework called the Security and Resiliency Initiative, under which JPMorgan plans to finance or facilitate a total of $1.5 trillion for companies deemed essential to U.S. interests. The bank noted that this figure represents a 50% increase from its previous plan.

JPMorgan CEO Jamie Dimon emphasized that the program is a response to growing concerns about America’s dependence on unreliable foreign sources for critical materials and products. “The United States has become overly dependent on uncertain supply chains for essential minerals, goods, and manufacturing capacity — all fundamental to our national security,” Dimon stated.

As the largest U.S. bank by assets and a dominant player on Wall Street, JPMorgan has long been active in lending to industries tied to technology, defense, and manufacturing. However, this new initiative formally integrates those efforts into a national interest framework, coming at a time of escalating economic tensions between the U.S. and China.

The announcement followed a turbulent week in financial markets after President Donald Trump revealed new tariffs on Chinese imports. China, in turn, imposed tighter export restrictions on rare earth materials, further fueling supply chain concerns.

Dimon also used the opportunity to urge policymakers to cut through what he described as the “obstacles” that hinder America’s competitiveness — including excessive regulations, bureaucratic slowdowns, and political polarization.

Within the four core sectors, JPMorgan identified 27 sub-industries that will receive targeted support, ranging from nanomaterials and autonomous robotics to space exploration, nuclear energy, and solar power.

“Our nation’s security ultimately depends on the strength and resilience of our economy,” Dimon said. “This initiative is about ensuring the U.S. maintains reliable access to life-saving medicines, critical minerals, sustainable energy systems for an AI-driven future, and cutting-edge technologies like semiconductors and data centers.”

To advance the program, JPMorgan plans to hire additional bankers and form an external advisory council composed of experts from industry and academia.

During a press briefing, Dimon clarified that the initiative is an independent corporate effort — not a government-coordinated plan — although the bank will continue to collaborate with public agencies where appropriate. He also noted that despite the scale of the undertaking, JPMorgan does not expect to sacrifice profitability.

“This is a JPMorgan effort,” Dimon reiterated. “While we regularly engage with government partners, our goal is to drive growth and innovation in key sectors while achieving strong commercial returns over the next decade.”