EU launches long-term plan to grow European tech champions against US giants

The European Commission unveiled a tech sovereignty package intended to reduce Europe’s reliance on foreign tech by boosting European companies, simplifying data-center rules, and investing in AI, chips, and innovation. The plan includes a Cloud and AI Development Act to vet trusted foreign providers for sensitive sectors, a sovereignty risk assessment for digital services, and measures to accelerate national strategies and the creation of a European “Eurocloud” forum, signaling a long-term effort to compete with U.S. Big Tech rather than a direct decoupling.