Our Scans · State-Directed Capital and the Repricing of Strategic Assets · Weekly Summary

• Without major shifts in US industrial policy and long-term procurement contracts, America risks strategic vulnerability in a drone war driven not just by AI and autonomy, but by sheer output. Asia Times
• To effectively counter the risk of deindustrialization, Europe needs a coordinated industrial policy that can help foster strategic sectors - from semiconductors to clean technologies - while ensuring that critical capabilities are developed and retained within Europe. Social Europe
• Supply chain resilience remains a critical investment priority following recent global disruptions. BUSINESS 2.0 NEWS
• Only 20% of survey respondents expect significant reshoring, while 40% anticipate mild relocation to the US in select sectors, primarily capital-intensive industries like electronics, biotechnology, and metals. maseconomics
• On the U.S. side, deploying strategic financing, promoting vertical supply chain integration, and offering targeted tariff exemptions to advance national and economic security objectives will be critical to a successful partnership. Center for Strategic and International Studies
• Downside risks involve regulatory pushback, particularly from CFIUS or congressional scrutiny on foreign sovereign investment in critical energy infrastructure. Kalkine
• Most of the need driving government investment in quantum technologies seems tied to worries about national security, with the Ambassador of Denmark to the United States, Jesper Moller Sorensen, notably warning that technologies that protect us can also be used against us. Blog
• OpenAI's policy proposals are multifaceted, seeking to create a new industrial policy agenda that ensures AI expands access, agency, and opportunity for all citizens. Kavout
• Foreign direct investment flows from the EU to India are expected to increase by €100 billion over the next decade, creating one million jobs and strengthening the EU's economic security by diversifying supply chains away from China. Lupicinio
• Ultimately, despite some waste and conflicting priorities, China's AI industrial policy will help Chinese companies compete with U.S. AI firms by providing talent and capital to an already strong sector. Rand Corporation
• Gartner, democratized AI is shaping up to be one of the most disruptive trends this decade, turning AI into a strategic asset at scale throughout the organization. Talentelgia
• The increasing focus on critical technology and supply chain resilience by the US and its allies presents an opportunity for Pakistan to attract investment in sectors where it can develop competitive advantages, provided it can offer a stable and predictable investment climate. The Grand Review
• Trump is likely planning to press Xi to buy more U.S. exports and might even welcome direct Chinese investment in the U.S. economy in areas not related to national security, such as consumer product manufacturing. Foreign Affairs Magazine
• The United States and Japan will continue to cooperate on matters related to investment security, and Japan plans to strengthen its mechanism for reviewing inbound investment based on national security risks. The White House
• Fiscal policy in 2026 will be shaped by the tension between high debt levels and the need for continued public investment, especially as defence spending is becoming an increasingly important contributor to public debt dynamics. Cyprus Economic Society (CES) - To inform public debate
• A new network of National Biosecurity Centers, announced in the National Security Strategy and backed by £1.3 billion of investment, will bolster the UK's defences against biological incidents, accidents and attacks. GOV.UK
• This week, AMD and Nvidia partnered with Humain, an AI-focused subsidiary of Saudi Arabia's Public Investment Fund to supply semiconductors for a large-scale data center project that is expected to have a capacity of 500 MW. Securities.io
• Trump might be open to negotiating around Chinese investment into the American heartland to boost manufacturing capacity in non-national security sectors. Time

Last updated: 24 June 2026