On June 3, 2026, Brussels launched the European Technological Sovereignty Package, a set of proposals aimed at reducing the continent's reliance on foreign tech providers.
The package, originally slated for March, rests on three pillars:
Chips Act 2.0 builds on the 2023 original, pushing into advanced semiconductors and creating an "excellence label" for EU regions that grow chip ecosystems.
Cloud and AI Development Act targets tripling EU data center capacity in five to seven years. It allows the Commission to restrict sensitive government data from flowing through non-EU providers.
Open Source Strategy aims for 30 million active users of open source collaboration tools by 2030, with mandates tied to the EU Digital Identity Wallet.
The proposals create preferential procurement channels for EU firms and aim to build an "AI continent" resilient to supply disruptions. Europe currently imports most of its advanced chips and relies on a handful of non-EU cloud giants.
For investors, EU semiconductor companies could benefit from ecosystem support. Mandated growth in data center capacity drives demand, while sovereignty assessments may shift public sector and critical infrastructure market share away from non-EU cloud providers. The open source target, backed by government procurement, signals strong policy commitment.
The legislative proposals now head to the European Parliament and Council. The original Chips Act took roughly 18 months from proposal to adoption.