A coalition of nearly 100 technology companies and lobbyists has urged the European Commission to take significant steps toward decreasing its dependence on foreign digital services. In an open letter, they suggest establishing a sovereign infrastructure fund to bolster public investment, specifically targeting sectors like semiconductors. The initiative aims to build strategic autonomy amid growing geopolitical tensions, underscoring the necessity for Europe to invest in its own technological capabilities. Signatories include major firms like Airbus and OVHcloud, highlighting the demand for a formal commitment to source IT needs from European entities.
The letter points to recent events, including the farcical Munich Security Conference, as a sign of "the stark geopolitical reality Europe is now facing," highlighting urgency for technology independence.
The group proposed a sovereign infrastructure fund to support public investment in key sectors, particularly semiconductors, and to reduce reliance on foreign tech companies.
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