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Europe

EU prepares plan to reduce technology dependence on foreign suppliers

The European Union has prepared a comprehensive roadmap aimed at reducing technology dependence on foreign suppliers, according to Anadolu Ajansı. The plan targets greater European capacity in semiconductors, artificial intelligence and cloud services. Negotiations on financing and implementation will continue among member states.

Exterior view of the European Parliament building in BrusselsAnadolu Ajansı Ekonomi · Ata Ufuk Şeker
Anadolu Ajansı Ekonomi · Ata Ufuk Şeker
Anadolu Ajansı Ekonomi1 h agoASML STM

The European Union has prepared a new plan aimed at reducing technology dependence on foreign suppliers, according to Anadolu Ajansı. The framework includes measures to expand EU capacity in semiconductors, artificial intelligence, cloud services and critical components, in production and research. The Commission will present the framework to member states.

The plan is seen as a major step under the bloc's technology-sovereignty objectives. Brussels said it expects co-financing from member states on production incentives, public procurement rules and research investment. Negotiations are expected to intensify in the coming months.

Source: Anadolu Ajansı Ekonomi. The plan aims to reduce reliance on US and China-based suppliers while strengthening European firms' global competitiveness. Investors will watch the framework's effects on intra-EU capital flows and the valuation of technology companies operating in the bloc.

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This article is an AI-curated summary of the original story published by Anadolu Ajansı Ekonomi.

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