Europe's Heavy Dependence on US Tech Poses Strategic Risks
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Summary
Proton's analysis highlights Europe's heavy reliance on US-based tech giants like Google and Microsoft, with 74% of Europe's publicly listed companies depending on them. This dependence poses strategic risks, including threats to business information security and European sovereignty, while also stifling local innovation.
Key quotes
· 3 pulled74% of Europe’s publicly listed companies rely on US-based tech like Google and Microsoft.
This creates serious risks for European businesses and Europe as a whole.
This is an unsustainable situation, an obstacle for European innovation, and a threat to European sovereignty.
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