JP Morgan announced it will invest $1.5 trillion in 27 critical industries in the US. The 27 industries fall into three verticals, including the energy sector, tech sovereignty, and defense and infrastructure. While the energy sector investments include: nuclear, distributed energy, grid resilience, and battery storage, the tech sovereignty includes: AI, quantum, microelectronics, cybersecurity, and edge computing.
The defense and infrastructure investments include: missiles, munitions, command systems, and mission-critical real estate. JP Morgan is investing $1.5 trillion across 27 critical industries, helping the US gain an advantage from overseas competition, especially China. The bank has planned for a 10-year-long investment to boost America’s security industries.
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27 Critical Industries To Receive Major Investments From JP Morgan
The 27 US industries to receive major investments of over $1.5 trillion in 10 years from JP Morgan are below:
- Advanced Bulk Materials
- Advanced Manufacturing
- Artificial Intelligence
- Autonomous Mobile Robots
- Battery Storage
- Command & Control Tech
- Critical Components
- Critical Minerals Mining & Processing
- Cybersecurity
- Distributed Energy
- Edge Computing
- Grid Resilience
- Mesh Networks
- Mission Critical Real Estate
- Munitions, Missiles & Hypersonics
- Nanomaterials and Microelectronics
- Nuclear Energy
- Pharmaceutical Precursors
- Quantum Computing
- Secure Communication
- Sensor Hardware
- Shipbuilding
- Solar
- Space Launch
- Spacecraft
- Unmanned Systems
- 6G
Jamie Dimon, the CEO of JP Morgan, said that the US must be self-reliant in critical industries. He argued that dependency on China must be reduced, and the bank will boost America’s strength. “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,” he said.
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“Our security is predicated on the strength and resiliency of America’s economy. America needs more speed and investment. 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,” said the JP Morgan CEO, highlighting the importance of critical industries.