The European Union Reveals Details Of Its Tech Sovereignty Package
New proposals will see the EU further invest in European startups and companies as it looks to strengthen its homegrown tech footprint.
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The European Commission has announced a new European Technological Sovereignty Package, designed to further reduce its reliance on foreign tech. The EU wants to focus on building out Europe's capacity in areas such as semiconductors, AI, cloud computing and open-source projects.
The package consists of two legislative proposals. The first is the Chips Act 2.0, a refresh of legislation introduced in 2023 that at the time was a response to what the Commission called "critical vulnerabilities in the global semiconductor supply chain."
With the AI boom driving growth in the market, the Chips Act 2.0 will introduce a new excellence label for Europe's semiconductor regions, adopting an ecosystem approach for both AI-related and mainstream chips. The EU wants to bring chip manufacturers closer to their customers...
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