JPMorgan Chase & Co. Mobilizes $1.5 Trillion Security Drive, Taps CHIPS and Defense Veterans to Lead Push

JPMorgan Chase & Co. is ramping up its ambitious $1.5 trillion Security & Resiliency Initiative (SRI) by appointing former U.S. government officials and defense specialists to key leadership roles, according to an internal memo seen by media reports. The 10-year initiative aims to channel capital into sectors tied to national security, supply-chain resilience and strategic technologies.

As part of the expansion, the bank has recruited talent from the U.S. Department of Commerce, including the CHIPS Program Office, which oversees semiconductor funding under the CHIPS Act. The move underscores JPMorgan’s intent to align private capital with government-backed efforts to strengthen domestic semiconductor manufacturing and advanced technology capabilities.

Among the key appointments, Kevin Quinn will lead frontier and strategic technologies under the SRI platform, focusing on semiconductors and emerging innovations. Trevor Burns has been named to oversee defense and aerospace strategy, while Sara O’Rourke will head SRI Solutions, a unit dedicated to identifying and mitigating supply-chain vulnerabilities.

Launched in 2025, the initiative is designed to provide loans, underwriting, advisory services and direct investments to companies operating in semiconductors, artificial intelligence infrastructure, energy systems and critical defense technologies. JPMorgan has indicated that up to $10 billion could be deployed as direct equity or venture investments, with the broader financing framework extending significantly beyond that figure.

The initiative reflects a growing trend among major financial institutions to position themselves at the center of strategic industrial policy, particularly as geopolitical tensions and AI-driven demand reshape global supply chains. By deepening ties with policymakers and defense-linked industries, JPMorgan is seeking to play a pivotal role in financing the next phase of U.S. industrial and technological expansion.