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JPMorgan Chase (JPM) announced the $1.5 trillion "Security and Resiliency Initiative," a 10-year plan designed to boost critical U.S. industries and enhance national economic and military security. The initiative includes plans to facilitate and finance up to $1.5 trillion and will involve making direct equity and venture capital investments of up to $10 billion in select companies, primarily located in the United States.

CEO Jamie Dimon framed the initiative as an essential response to growing global uncertainties and warned that the U.S. has become "too reliant on unreliable sources" for critical manufacturing, products, and minerals.

The plan focuses on four main categories, which are broken down into 27 sub-areas, including:

1. Frontier and Strategic Technologies: Including Artificial Intelligence (AI), cybersecurity, and quantum computing.

2. Supply Chain and Advanced Manufacturing: Focusing on critical minerals, pharmaceutical precursors, and robotics.

3. Defense and Aerospace: Including shipbuilding, defense technology, and autonomous systems.

4. Energy Independence and Resilience: Including nuclear energy, battery storage, and grid resilience.

The announcement caused shares of rare earth mineral producers and quantum computing companies to surge. JPMorgan will also hire additional experts and establish an external advisory council to guide the long-term strategy of the initiative.

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