JPMorganChase Launches $1.5T Security and Resiliency Initiative
10 hours ago
- #investment
- #national security
- #finance
- JPMorganChase announced a $1.5 trillion, 10-year Security and Resiliency Initiative.
- The initiative includes up to $10 billion in direct equity and venture capital investments.
- Focus areas: Supply Chain & Advanced Manufacturing, Defense & Aerospace, Energy Independence & Resilience, Frontier & Strategic Technologies.
- Sub-areas include critical minerals, AI, cybersecurity, quantum computing, and more.
- Aims to increase financing by $500 billion (50%) beyond the planned $1 trillion.
- Jamie Dimon emphasized reducing reliance on unreliable sources for national security.
- JPMorganChase will hire more experts and create an external advisory council.
- Includes thematic research on private companies and supply chain issues.
- Policy advocacy for R&D, permitting, procurement, and growth-conducive regulations.
- JPMorganChase has a long history of supporting critical industries globally.