Issues a list of ten critical technology areas vital for its economic security

On October 3, the European Commission issued a list of ten critical technology areas vital for the European Union's economic security. Among these, advanced semiconductors, AI, quantum technologies, and biotechnologies are considered the most sensitive and immediately concerning. The other technology areas listed include advanced connectivity, navigation and digital technologies, advanced sensing technologies, space and propulsion technologies, energy, robotics and autonomous systems, advanced materials, manufacturing, and recycling technologies. This development is expected to lead to increased scrutiny for ongoing and future transactions of foreign investors in these sectors under EU foreign subsidies regulations and member States' FDI screening mechanisms.

• Type:

  • Entry and establishment (Approval and admission)
  • Treatment and operation (Operational conditions )

• Industry:

  • Not industry specific

• Sources:

  • defence-industry-space.ec.europa.eu, Commission Recommendation of 03 October 2023 on critical technology areas for the EU's economic security for further risk assessment with Member States, https://defence-industry-space.ec.europa.eu/commission-recommendation-03-october-2023-critical-technology-areas-eus-economic-security-further_en, 03 Oct 2023
  • Jdsupra, European Commission Signals Increased Scrutiny in Semiconductors, AI, Quantum Technologies, and Biotechnologies, https://www.jdsupra.com/legalnews/european-commission-signals-increased-2493680/?origin=CEG&utm_source=CEG&utm_medium=email&utm_campaign=CustomEmailDigest&utm_term=jds-article&utm_content=article-link, 17 Oct 2023