The European Union is launching a “tech sovereignty” initiative aimed at reducing reliance on non-European technology suppliers, according to reporting from CNBC and The Hindu. The package includes measures to strengthen advanced semiconductor manufacturing within Europe and to expand domestic capabilities in cloud computing. The proposal also targets broader technology areas such as AI, with the intent of building more in-house capacity rather than depending primarily on U.S. and other international firms. CNBC describes the plan as including a new act focused on advancing chip production, alongside efforts to support homegrown cloud infrastructure. The Hindu similarly characterizes the initiative as a response to growing concerns among EU leaders about dependency on American and Asian technology providers. While the sources describe the initiative at a high level, both emphasize the same core components—chips, cloud, and AI—and the overarching goal of improving Europe’s ability to develop and control key technologies. The initiative is presented as part of a wider policy push to improve resilience and capacity in strategic technology sectors.