EU to meet tech and chip firms on competitiveness concerns

The European Commission, led by Ursula von der Leyen, will meet tech and semiconductor firms including ASML, Siemens, Nokia and Ericsson to discuss concerns about the EU’s competitiveness, Bloomberg reported. The meeting, confirmed by Commission spokesperson Paula Pinho, signals Brussels’ focus on bolstering the bloc’s tech and chip industries amid pressure from US and Chinese rivals. Markets could react modestly to the prospect of policy attention or support for European tech and semiconductor supply chains, potentially benefiting related stocks and the Europe 50 index, but concrete market-moving measures are not yet detailed. Overall the story is a policy-development watchpoint rather than an immediate catalyst.