Last October, JPMorgan launched a ten-year “Security and Resilience Initiative” totaling one and a half trillion dollars. The program aims to lead and accelerate large-scale financing and investment across key sectors including semiconductors, quantum computing, defense, energy, rare earths, artificial intelligence, and critical infrastructure.

The one-and-a-half-trillion-dollar plan is not merely a financial investment program, but a strategic capital deployment designed to serve U.S. economic resilience and national security. JPMorgan’s large-scale expansion comes at a time when both the U.S. government and the private sector are increasing investment in frontier technologies such as AI and quantum computing, as well as national security–related projects like rare earths. JPMorgan intends to support these efforts through its powerful global financing channels.

The U.S. Pentagon is actively working with leading AI developers, including OpenAI and Anthropic, to enable the deployment of cutting-edge AI tools on classified networks.

The investment framework led by JPMorgan follows the same core logic as the U.S. government’s equity stake in Intel and in rare earths leader MP Materials. The shared theme is clear: “national security plus supply chain security” has become the new joint investment compass for both Washington and Wall Street.

Under the initiative, JPMorgan plans to directly invest up to ten billion dollars into U.S. companies deemed critical to national security and economic resilience, through mechanisms including direct equity and venture capital. The vast majority of the one-and-a-half-trillion-dollar initiative will flow into the four core sectors through financing, large-scale underwriting, and structured project arrangements.

JPMorgan’s Security and Resilience Initiative highlights how private financial institutions are becoming a vital component of the market-based financing system for America’s core strategic industries. The effort not only supports technological innovation but also reshapes the competitive landscape of high-end manufacturing in the global market by mobilizing large-scale financial resources, thereby strengthening national supply chain security and economic resilience.

This represents a coordinated push of strategic capital and policy centered on core technologies and industrial self-sufficiency, with the ultimate goal of bringing key manufacturing capabilities back to the United States and enhancing U.S. global leadership in future technology and security domains.

Market Interpretation:

From a federal policy perspective, measures such as the CHIPS Act demonstrate that the U.S. government is providing subsidies, tax incentives, and direct fiscal support to encourage semiconductor manufacturing reshoring and expansion of domestic production. These policies clearly signal Washington’s intention to reduce reliance on overseas high-end chip supply chains and strengthen the resilience of the domestic advanced manufacturing ecosystem.