EU Unveils Measures to Boost Domestic Cloud, AI, and Chip Industries

03 Jun 2026 12:08EUR Europe US Indexes US Stocks
  • European Commission announces measures to support EU cloud providers, chip makers, and AI companies
  • EU chip proposal aims to boost demand for domestically produced semiconductors
  • EU proposes preferential grid access and reduced network charges for data centres using EU-made chips
  • EU cloud plan could exclude major foreign technology firms from critical public-sector tenders
  • Measures are designed to strengthen Europe's technological sovereignty and reduce dependence on foreign providers