Europe Must Spend $3 Trillion to Cut Cloud, AI and Chip Reliance
Europe may need about $3 trillion of investment through 2035 across cloud infrastructure, AI data centers, large-language-model training and other technologies to reduce reliance on US and Asian suppliers. The region will remain indispensable in select chipmaking tools, led by ASML in lithography and ASM International in equipment that builds chip layers, but tools alone aren't enough. Even if EU policy pairs chip funding with reliable power, common digital and security rules, faster procurement, private capital, talent and public-sector demand, selective resilience rather than full autonomy is likely. Europe can strengthen its power-and-analog chip, engineered wafer, low-power specialty logic, advanced packaging, quantum computing and cybersecurity positions, but will stay reliant on AI accelerator chips and LLM training.