Airbus leads call for Europe to create sovereign infrastructure fund, buy European

The companies and groups said recent U.S. and EU developments and U.S. measures underscored the urgency of
"
This ranged from logical infrastructure - applications, platforms, media, AI frameworks and models - to physical infrastructure such as chips, computing, storage and connectivity, they added.
"
The letter said a sovereign infrastructure fund was key to financing such an ambitious goal, especially in the capital-intensive parts of the value chain such as quantum technologies and chips.
Doubts about U.S. commitment to its European allies and competition from
The letter also proposed that governments adopt a "buy European" policy in procurement tenders to drum up demand and encourage businesses to invest.
"The aim is not to exclude non-European players, but to create space where European suppliers can legitimately compete (and justify investment)," it said.
Signatories to the letter include French cloud services provider OVH Cloud and its peers in other EU countries, the
The letter was also addressed to EU tech chief Henna Virkkunen.
(Reporting by
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