‘Buy European’: Airbus and others call for Sovereign Fund and Higher Europe Tech Autonomy

Airbus And over 90 other European Companies and Lobby Groups Have Called on the European Commission to create a Sovereign Infrastructure Fund to Boost Public Investment and Bolster The Tech Sector in the Tech Sector.

In a March 14 Letter Addressed to European Commission President Ursula Von Der Leyen and Executive Vice President Henna Virkunen, The Signatories – which include Dassault systemsFrench Cloud Services Supplier Ovhcloud And the European Startup Network-Stressed The Need for Europe’s Technological Self-Reliance as it Confronts a “Stark Reality” Following “Following” Developments in Us/Eu Relations. “

“Building Strategic Autonomy in Key Sector is now a recognized Urgent imperative across europe,” The Letter said. It stressed that europe is now in a “laggard position” in the digital space-having been significantly outpaced by the US and China-And will have a near-complete reliability on Non-European Techanologies in less than three years at the current rate.

“Europe needs to recover the initiative, and become more technologically independent across all layers of its critical digital digital infrastructure: from logical infrastructure – Applications, Platforms, Media, AI Framework and Models – to Physical Infrastructure – Chips, Computing, Storage and Connectivity, “The Letter Says, Warning That That That That” Europe’s Current Multiple Dependencies Create Security and Reliability Risks, Compromise Our Sovereignty and Hurt Our Growth. “

Chief Among the Letter’s Requests for a “Pragmatic Industrial Policy Strategy” is the need for europe to inject a formal requirement for the public sector to “Buy european” as well as well as ” Private Sector to Steer Toward Similar Purchases-with an aim “not to exclude non-european players, but to create space where european supports can legitimately campete

The letter also also calls for the creation of a sovereign infrastructure fund for public investments in tech, particularly in “Capital-Intense” Projects Such As Quantum and Chips, Chips, Requesting “Significing” Significing “Funds Eather allocated or underwritten by the European Investment Bank and by National Public Funding Bodies.

Europe is striving to Gain Momentum in the Tech Sector, Where Executives and Venture Capitalists have ben calling for additional investment and laxer regulation to rejuvenate Growth – Particularly in the BOMING AI Space.

AMID Agrassive Us Protectionist Policies and Tariff Impositions, The European Union Has Increasingly Sought to Safeguard Growth and Bolster Its Autonomy, Earlier This Month Propping Fiscal Measures Mobilize Nearly 800 Billion Euros ($ 872 Billion) Toward The Region’s Higher Defense Spend.

This development story is being updated.