JPMorgan Chase has launched a $1.5 trillion, 10-year Security and Resiliency Initiative to invest in key industries for the nation's economic security, particularly in revitalizing the shipbuilding sector in the U.S.
The firm plans to invest up to $10 billion in equity and venture capital to support selected companies in the U.S. so they can grow, innovate, and boost strategic manufacturing.
“It’s become clear that the U.S. has become too dependent on unreliable sources for critical minerals and products, which are vital for our national security,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase. “Our security relies on a strong and resilient economy. America needs to speed up investments and eliminate barriers like excessive regulations, bureaucratic delays, political gridlock, and a mismatch between education and the skill sets we need.”
The initiative focuses on four main areas: Supply Chain and Advanced Manufacturing, Defense and Aerospace, Energy Independence and Resilience, and Frontier and Strategic Technologies. These areas are further divided into 27 specific topics, including shipbuilding, nuclear energy, nanomaterials, and essential defense components.
Shipbuilding is highlighted under Supply Chain and Advanced Manufacturing, covering the construction of both commercial and military vessels. The firm calls this focus part of the effort to “reshore key industries and establish strong, redundant supply networks” to “protect against global disruptions, lessen dependence on potential adversaries, and enhance productivity in crucial sectors.”
JPMorgan Chase had already planned to support around $1 trillion over the next ten years for clients in these sectors. With this new initiative, they aim to increase that support by an additional $500 billion.
“This initiative includes ensuring reliable access to essential medicines and critical minerals, defending our country, building energy systems for AI-driven demands, and advancing technologies like semiconductors and data centers,” Dimon said. “We remain committed to supporting our clients in these sectors.”
This announcement aligns with the Trump Administration’s efforts to strengthen America’s shipbuilding industry to compete better with China. An executive order issued on April 9, titled “Restoring America’s Maritime Dominance,” addresses a significant national security issue, as the U.S. currently builds less than one percent of the world's commercial ships, while China manufactures about half.
“We hope that, like in the past, we can all come together to tackle these significant challenges,” Dimon concluded. “We need to act now.”