There's no way I could describe it without sounding conspiratorial, so I'm just gonna lean into it: imagine the EU-US relationship suddenly turning very hostile (like Russia-EU relationship already did), how long would it take before all of EU's tech suddenly stopped working? Not saying that's gonna happen or is even likely to happen, but I don't think investing money into bootstraping some sort of a backup is necessarily a bad thing.
China's tech is already self-contained, to a lesser extent so is Russia's, the US is investing a lot in semiconductors just in case something happens to Taiwan, and India has already banned pretty much every Chinese app. The EU, on the other hand, is completely reliant on the US for core tech infrastructure and trying to address that.
None of it makes sense economically, but essentially every superpower is doing something towards at least making it a possibility to "self-contain" their own tech sector. I don't even think this has anything to do with the current political climate (Russia-Ukraine war included), I think it's more in preparation for when climate change consequences start ramping up.
China's tech is already self-contained, to a lesser extent so is Russia's, the US is investing a lot in semiconductors just in case something happens to Taiwan, and India has already banned pretty much every Chinese app. The EU, on the other hand, is completely reliant on the US for core tech infrastructure and trying to address that.
None of it makes sense economically, but essentially every superpower is doing something towards at least making it a possibility to "self-contain" their own tech sector. I don't even think this has anything to do with the current political climate (Russia-Ukraine war included), I think it's more in preparation for when climate change consequences start ramping up.