SoylentNews is people
SoylentNews
Arthur T Knackerbracket has processed the following story:
A group of technology companies and lobbyists want the European Commission (EC) to take action to reduce the region's reliance on foreign-owned digital services and infrastructure.
In an open letter to EC President Ursula von der Leyen and Executive Vice-President for Tech Sovereignty Henna Virkkunen, the group of nearly 100 organizations proposed the creation of a sovereign infrastructure fund to invest in key technology and lessen dependence on US corporations.
The letter points to recent events, including the farcical Munich Security Conference, as a sign of "the stark geopolitical reality Europe is now facing," and says that building strategic autonomy in key sectors is now an urgent imperative for European countries.
Signatories include aerospace giant Airbus, France's Dassault Systèmes, European cloud operator OVHcloud, chip designer SiPearl, open source biz Nextcloud, and a host of others including organizations such as the European Startup Network.
OVHcloud said the group was calling "for a collective industrial policy strategy to strengthen Europe's competitiveness and strategic autonomy. We are convinced this is the premise of what we hope will be a larger movement of the entire ecosystem."
Proposals include the sovereign infrastructure fund, which would be able to support public investment, especially in capital-intensive sectors like semiconductors, with "significant additional commitment of funds allocated and/or underwritten" by the European Investment Bank (EIB) and national public funding bodies.
It also suggests there should be a formal requirement for the public sector to "buy European" and source their IT requirements from European-led and assembled solutions, while recognizing that these may involve complex supply chains with foreign components.
[...] This isn't the first time that concerns about US hegemony in technology have been raised. Recently, the DARE project launched to develop hardware and software based on the open RISC-V architecture, backed by EuroHPC JU funding, while fears have been aired about the dominance of American-owned cloud companies in the European market.
Such concerns have been heightened by recent actions, such as the suggestion that the US might cut off access to Starlink internet services in Ukraine as a political bargaining strategy. Starlink owner Elon Musk later denied that this would ever happen.
The letter notes that these issues have already been set out by the EuroStack initiative, made up of many of the companies that signed the letter to EC President von der Leyen. The Register asked the European Commission to comment.
On the other side of the pond, the Computer and Communications Industry Association (CCIA) recently published a report claiming that US companies face "substantial financial burdens" due to the European Union's digital regulations.
It says that US tech companies are losing "billions" through having to comply with regulations such as the Digital Markets Act (DMA), and having to obtain user consent for their data to be used for advertising purposes.
(Score: 1) by khallow on Sunday March 23 2025, @11:18PM (1 child)
Not for FY (Fiscal Year) 2025 which is slightly higher than FY2024. Maybe for FY2026.
Depends on what "as possible" means. Too much urgency and you'll get a bad deal from Russia, right? Meanwhile I think we need to encourage more China top-down investing. That's an excellent way to squander Chinese resources. Even Japan's MITI couldn't pull it off after they got past the catching up phase - they were more competent.
They'll need the EU and Ukraine to come to the negotiations table too. In the end, everyone has hard requirements. And sometimes in war you can't meet those hard requirements with negotiation - especially when you leave out critical parties. I'm not interested in the wheeler dealer when the basics aren't being met. Also, visuals are an important part of negotiation.
(Score: 2) by RamiK on Monday March 24 2025, @10:19AM
From my first link:
( https://defensescoop.com/2025/03/17/congress-defense-appropriations-2025-rdte-spending-141b/ [defensescoop.com] )
It would have been too urgent in 2014. Now it's too late. Again, 26'-27'...
It's better for the EU's and Ukraine's public and politics to think the US isn't on their side and it's being forced on them so they won't resist the increased spending and military drafts in the coming years.
Look, we're back to WW1 era secret pacts and alliances. Things aren't going to be done transparently anymore.
compiling...