EU Unveils Tech Sovereignty Plan to Boost Domestic Chips, Cloud and AI

The European Union announced a new tech sovereignty initiative. The program is aimed at strengthening domestic production of chips. It also seeks to expand European cloud services capacity. A further goal is to accelerate AI development within the bloc. Officials say the effort will reduce reliance on foreign technology. The initiative is expected to involve policy measures and funding support. Industry stakeholders anticipate increased investment in related sectors. Observers will watch how the plan translates into concrete projects.