JPMorgan announces $5 billion in investments in companies critical to US national security

By Nupur Anand

NEW YORK, Oct 19 (Reuters) - JPMorgan Chase JPM.N said it has invested $5 billion in equity in industries critical to US economic and national security, as banks seek to capitalize on growing demand for domestic manufacturing, energy infrastructure and supply-chain resilience.

The lender also announced it has financed about $230 billion under its Security and Resiliency Initiative since launching the effort a year ago, when it committed to financing $1.5 trillion of US investments in the next decade, including in national security.

Large US banks have already been investing in rising demand for AI data centers, critical minerals and energy infrastructure upgrades, as President Donald Trump's administration has prioritized growing US infrastructure to reduce dependence on foreign supply chains in various sectors, including clean energy and rare earths.

JPMorgan said its own investments have supported companies in sectors including advanced manufacturing, energy, supply chains and defense-related technologies.

The bank's equity investments are in venture, growth and later-stage companies, it said, including new investments around next-generation defense technologies, distributed battery storage, automated manufacturing and frontier technologies.

"In the next leg we are going to be focusing on expanding industrial capacity, strengthen supply chains and support the industries that will shape long-term economic resilience and national security," said Jay Horine, head of the security and resiliency initiative at JPMorganChase Global Banking.

Other banks are also working on similar initiatives. Bank of America BAC.N in August said it plans to invest $250 billion by July 2027 to support US digital and infrastructure projects.

Morgan Stanley MS.N has also said it would facilitate roughly $1.5 trillion in investments over the next decade for technology and infrastructure projects.