EU chases tech independence but gaps remain

Short summary

The EU seeks to reduce tech dependency on the US and China but faces significant obstacles, particularly elevated electricity costs relative to these nations. Progress requires closing the energy cost gap to enable competitive homegrown tech development.

• •EU pursuing tech independence from US and China
• •High electricity costs relative to competitors create competitive disadvantage
• •Additional work needed to achieve technological autonomy

Generated with AI, which can make mistakes.