European Tech Firms Push EU for 'Buy European' Tech Mandate (techcrunch.com)
(Monday March 17, 2025 @12:40PM (msmash)
from the fighting-for-relevance dept.)
- Reference: 0176749979
- News link: https://slashdot.org/story/25/03/17/0628241/european-tech-firms-push-eu-for-buy-european-tech-mandate
- Source link: https://techcrunch.com/2025/03/16/european-tech-industry-coalition-calls-for-radical-action-on-digital-sovereignty-starting-with-buying-local/
More than 80 signatories representing about 100 European tech organizations have urged EU leaders to take "radical action" to [1]reduce reliance on foreign digital infrastructure , according to a letter sent to European Commission President Ursula von der Leyen.
The coalition, including Airbus, Proton, and OVHCloud, warns Europe "will lose out on digital innovation" and become almost completely dependent on non-European technologies "in less than three years at current rates."
The group calls for public procurement requirements mandating European-made tech solutions, development of common standards, and creation of a "Sovereign Infrastructure Fund" for capital-intensive areas like chips and quantum computing. "Our reliance on non-European technologies will become almost complete in less than three years at current rates," the letter states, citing concerns over U.S. technological dominance following recent comments from Vice President JD Vance criticizing European regulations.
[1] https://techcrunch.com/2025/03/16/european-tech-industry-coalition-calls-for-radical-action-on-digital-sovereignty-starting-with-buying-local/
The coalition, including Airbus, Proton, and OVHCloud, warns Europe "will lose out on digital innovation" and become almost completely dependent on non-European technologies "in less than three years at current rates."
The group calls for public procurement requirements mandating European-made tech solutions, development of common standards, and creation of a "Sovereign Infrastructure Fund" for capital-intensive areas like chips and quantum computing. "Our reliance on non-European technologies will become almost complete in less than three years at current rates," the letter states, citing concerns over U.S. technological dominance following recent comments from Vice President JD Vance criticizing European regulations.
[1] https://techcrunch.com/2025/03/16/european-tech-industry-coalition-calls-for-radical-action-on-digital-sovereignty-starting-with-buying-local/
Will this be possible? (Score:2)
EU is regulation by strangulation. It makes it nearly impossible for companies to comply with everything. I'd hope once they have more European companies operating that they quickly realize how destructive their over-regulation is for growth and innovation. This might be a great thing for American companies operating in Europe as well if European companies are the ones making complaints on behalf of innovation rather than American companies.