"Don't care about supply chains, defense tech, or energy independence? Jamie Dimon just gave you 1.5 trillion reasons to start paying attention. The largest US bank's focus on investing in four key sectors shows where Dimon is placing his bets: supply chain and advanced manufacturing, defense and aerospace, energy independence and resilience, and frontier and strategic technologies. And as is often the case, where Dimon goes, the rest of the country soon follows."
"The US enters catch-up mode: High-priced investments these days feel more proactive. Example: Tech companies need more compute power to be better prepared. However, JPMorgan described the US being in a more defensive posture. Dimon criticized the US for becoming "too reliant on unreliable sources of critical minerals, products and manufacturing." He described the "immense challenges" the country faces, adding "we need to act now.""
JPMorgan plans $1.5 trillion in investments over 10 years targeting supply chain and advanced manufacturing, defense and aerospace, energy independence and resilience, and frontier and strategic technologies. The bank will make equity or venture investments up to $10 billion in select companies. The initiative signals a shift toward catching up on critical capabilities and reducing reliance on unreliable sources of critical minerals, products, and manufacturing. The effort frames the US as in a defensive posture facing immense challenges and a call to act now. The program could catalyze industry investment and produce ripple effects across finance and technology hiring and deal activity.
Read at Business Insider
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