tech
The European Union reveals details of its tech sovereignty package
Key takeaways
- New proposals will see the EU further invest in European startups and companies as it looks to strengthen its homegrown tech footprint.
- Alxeypnferov/Getty Images The European Commission has announced a new European Technological Sovereignty Package, designed to further reduce its reliance on foreign tech.
- The package consists of two legislative proposals.
New proposals will see the EU further invest in European startups and companies as it looks to strengthen its homegrown tech footprint.
Alxeypnferov/Getty Images 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."
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