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semiconductor / news / / Devdiscourse

The European Union recently announced a technology sovereignty package.

The EU announced a technology sovereignty package aimed at reducing dependency on U.S. tech giants.

KEY POINTS
The European Union recently announced a technology sovereignty package, echoing enthusiasm with the declaration of a so-called 'Tech Liberation Day'. The package seeks to foster European technology firms while curbing the influence of U.S. tech giants. The EU's plan is viewed as a preliminary move as Europe lags the U.S. and Asia in AI, chip production, and cloud services. While leaders like Ralf Wintergerst see it as a positive step, they stress the need for actionable measures and an improved investment landscape. Central to the package is a strategic shift in supporting local strengths, particularly in chip-related fields. However, it recognizes reliance on external tech giants in some areas, advocating for collaboration rather than isolation. (With inputs from agencies.)
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