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US Business · cnbc.com · Friday, 5 June 2026

EU launches tech sovereignty package to curb US and China dependence

The European Commission unveiled a tech sovereignty package that introduces a Cloud and AI Development Act and a revised Chips Act 2.0 to curb reliance on U.S. and Chinese providers. The measures aim to secure EU data, boost advanced semiconductor capacity, and ensure critical services stay under European control.

Read the source: cnbc.com ↗In the 5 June issue →