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European Tech Giants Demand Sovereign Fund for Independence

3/17/2025

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Summary

Story summary

Over 90 European tech firms, including Airbus and Dassault Systèmes, called for a sovereign infrastructure fund to boost technological independence.
The coalition highlighted the importance of reducing dependence on foreign technologies due to security and economic concerns.
They suggested a "Buy European" policy to encourage local tech investments and enhance competition.
The initiative targets key sectors such as AI, semiconductors, and quantum computing.
This letter represents a collective push for strategic measures to safeguard Europe's digital future amid geopolitical tensions.

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Story summary

Over 90 European tech firms, including Airbus and Dassault Systèmes, called for a sovereign infrastructure fund to boost technological independence.
The coalition highlighted the importance of reducing dependence on foreign technologies due to security and economic concerns.
They suggested a "Buy European" policy to encourage local tech investments and enhance competition.
The initiative targets key sectors such as AI, semiconductors, and quantum computing.
This letter represents a collective push for strategic measures to safeguard Europe's digital future amid geopolitical tensions.