Overview
- The decade-long Security and Resiliency Initiative targets supply chains and advanced manufacturing, defense and aerospace, energy independence and resilience, and frontier technologies such as AI and quantum computing.
- JPMorgan divided the focus into 27 sub-sectors that include shipbuilding, nuclear energy, nanomaterials, secure communications and critical defense components.
- The bank will hire additional bankers and industry specialists, create an external advisory council, and expand supply-chain research through its Center for Geopolitics.
- Dimon said the program is 100% commercial and not directed by the White House, with up to $10 billion in direct equity and venture stakes complementing lending and capital raising.
- The plan follows Chinese rare-earth export restrictions and new U.S. tariff threats, building on JPMorgan’s role in financing MP Materials and arranging a Pentagon investment in the miner.