European Tech Leaders Urge Sovereign Fund and 'Buy European' Strategy

Over 90 companies call on the EU to reduce reliance on foreign tech and boost investment in local digital infrastructure.

A coalition of over 90 European companies, including Airbus and Dassault Systemes, has urged the EU to create a sovereign infrastructure fund to support local tech development.
The coalition's open letter emphasizes the need for Europe to achieve digital independence in critical areas like AI, cloud computing, chips, and quantum technologies.
The proposed 'Buy European' policy would prioritize local tech providers in public procurement to foster demand and encourage private sector investment.
The initiative aims to counter growing dependence on U.S. and Chinese technologies, which the coalition warns could jeopardize Europe's security and economic growth.
The letter also advocates for harmonized standards, open-source solutions, and industry-led strategies to accelerate the scaling of European tech infrastructure.