JPMorgan Aligns with Trump Policy…$1.5 Trillion Investment in AI, Rare Earths, etc.

Announced 'Initiative to Strengthen Core Industries' on the 13th

From critical minerals to advanced industries

$1.5 trillion investment over 10 years

FT: "Shows JPMorgan choosing Trump's 'America First' policy"

The United States' largest bank, JPMorgan Chase, said it will spend a total of $1.5 trillion over 10 years on financial support and investments in strategic industries directly related to U.S. national security, such as artificial intelligence (AI), rare earths, and quantum computing. Analysts say this aligns with the economic security policies of the Donald Trump administration, including measures to curb China.

On the 13th (local time), JPMorgan announced the "$1.5 trillion Security and Resilience Initiative to Strengthen Core Industries." It is a 10-year financing and financial support plan totaling $1.5 trillion for industries at the core of U.S. economic security, from critical minerals to advanced technologies.

As part of the plan, JPMorgan will primarily select U.S. companies and proceed with direct equity and venture capital investments of up to $10 billion to support growth, promote innovation, and strengthen strategic manufacturing capabilities.

Jamie Dimon, JPMorgan's chief executive officer (CEO), said in the announcement, "The reality that the United States has become overly dependent on unreliable suppliers (China) for critical minerals, products, and manufacturing essential to national security has painfully become clear," and explained the investment rationale by saying, "Our security depends on the strength and resilience of the U.S. economy."

JPMorgan identified four core areas for investment: △supply chains and advanced manufacturing, including critical minerals and robotics △defense and aerospace, including defense technologies, autonomous driving systems, drones, and secure communications △energy, including battery storage and grid resilience △advanced and strategic technologies, including artificial intelligence (AI), cybersecurity, and quantum computing.

The Financial Times (FT) interpreted this as "a recent sign that large companies are choosing Trump's 'America First' policy."

After JPMorgan's announcement, related stocks also surged. In particular, shares of quantum computing leaders such as Rigetti Computing (25.02%), D-Wave Quantum (23.02%), and Arqit Quantum (20.09%) rose more than 20% on the New York Stock Exchange.

New York=Park Shin-young, correspondent nyusos@hankyung.com