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>The European Commission on Wednesday proposed a slew of new rules intended to bolster homegrown chips, AI and cloud services as the bloc scrambles to develop tech sovereignty amid huge reliance on products and services from the U.S. and China.
>The proposals, which must be approved by all 27 member states, include new actions to bolster advanced chip manufacturing and homegrown cloud computing.
As geopolitical tensions across the globe have ramped up, there have been growing calls for Europe to diversify away from non-European providers of critical tech, including U.S. tech companies, which currently [dominate the European market](https://www.cnbc.com/2026/02/13/four-charts-europes-reliance-us-digital-infrastructure.html). “We cannot afford to depend on others for the technologies that keep our hospitals running, our energy grids stable and our services secure,” Commission President Ursula von der Leyen said in a statement.
>CNBC previously reported that the European Union was considering rules that would restrict its member governments’ use of U.S. cloud providers to handle sensitive data.
Source: [https://www.cnbc.com/2026/06/03/europe-tech-sovereignty-us-tech-reliance.html](https://www.cnbc.com/2026/06/03/europe-tech-sovereignty-us-tech-reliance.html)
I have been calling this since two years ago after having witnessed Europe clamped down on US Hyperscalers with regards to anti - privacy laws.
In the past 6 months: Europe has repeatedly proclaim a move away from US hyperscalers and towards homegrown tech initiatives; Europe is looking towards Japanese heavy industries and European defence name like Saab in a bid to reduce reliance on US defence; the Europeans who have long relied on Russian gas pipelines has now turned towards renewables, (pink, green) hydrogen production infrastructures and solid oxide fuel cells in the name of energy security given their net importer status of crude from the Middle East.
Finally, the US administration weaponising internet and payment providers, but not limited to Mastercard and Visa, to sanction ICJ judges has led to reduced reliance on US financial instituitions.
>But the US sanctions were on another level, given the country’s weight in the global financial system. Soon after she was sanctioned, Ibáñez Carranza said her bank in the Netherlands cancelled her credit card. “Why? It’s a European bank, not an American bank,” she said. “We’ve seen a kind of over-compliance with the sanctions, because some banks are terrified about their relations with US banks or institutions.”
>What had been most painful, however, was to see how the sanctions had targeted her daughter, leading to the cancellation of her US visa and Google accounts. “She lives in another part of the world, she has no link to the ICC,” she said. “It’s sad. This is pure retaliation for something she hasn’t done.”
Source: [https://www.euronews.com/business/2026/05/01/europe-moves-to-break-visa-and-mastercards-grip-but-not-everyone-agrees](https://www.euronews.com/business/2026/05/01/europe-moves-to-break-visa-and-mastercards-grip-but-not-everyone-agrees)
Source: [https://www.nytimes.com/2026/06/03/technology/european-union-tech-sovereignty.html](https://www.nytimes.com/2026/06/03/technology/european-union-tech-sovereignty.html)
Source: [https://www.reuters.com/business/eu-targets-big-tech-dependence-with-made-in-europe-drive-2026-06-03/](https://www.reuters.com/business/eu-targets-big-tech-dependence-with-made-in-europe-drive-2026-06-03/)
How is everyone positioning their investment in Europe?