JPMorganChase has launched a 10-year, $1.5 trillion initiative to invest in industries deemed critical to the country’s defense, infrastructure and technological advancement as part of efforts to strengthen U.S. economic and national security.
The financial services firm said Monday the Security and Resiliency Initiative will make direct equity and venture capital investments of up to $10 billion in U.S.-based companies to advance strategic manufacturing and drive innovation and growth.
JPMorganChase Security & Resiliency Initiative’s Focus Areas
The initiative is focused on four key areas and will support companies by providing financing, advice and capital.
- Defense and aerospace, including autonomous systems, defense technology, drones, secure communications and next-generation connectivity
- Energy independence and resilience, including battery storage, distributed energy and grid resilience
- Frontier and strategic technologies, including artificial intelligence, cybersecurity and quantum computing
- Supply chain and advanced manufacturing, including critical minerals, robotics and pharmaceutical precursors
These four areas have been divided into 27 sub-areas. For aerospace and defense, select sub-areas include command and control tech; space launch; unmanned systems; 6G; and munitions, missiles and hypersonics.
“This new initiative includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand and advancing technologies like semiconductors and data centers, said Jamie Dimon, chairman and CEO of JPMorganChase. “Our support of clients in these industries remains unwavering.”
Workforce Expansion & Creation of Advisory Council
In support of the initiative, JPMorganChase will expand its team by hiring additional bankers and investment professionals.
The firm will also establish an external advisory council comprising leaders from public and private sectors to guide the strategy and implementation of the initiative, which will include thematic research on private companies and supply chain management issues related to AI, technology and rare earths.
