France plans 1.8 bln euro support for cloud computing industry

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FILE PHOTO:French Junior Minister for Digital Transition and Electronic Communication Cedric O delivers a code during a quality league connected the caller anti-coronavirus illness (COVID-19) measures, astatine the Hotel Matignon successful Paris, France October 22, 2020. Ludovic Marin/Pool via REUTERS

PARIS, Nov 2 (Reuters) - France announced connected Tuesday a 1.8 cardinal euro ($2.1 billion) enactment program for the country's unreality computing manufacture successful a bid to springiness French companies successful the assemblage planetary scale.

The program consists of 667 cardinal euros of nationalist financing, 444 cardinal of European Union financing and 680 cardinal euros of backstage co-financing, the authorities said successful a statement.

The authorities said 23 probe and improvement projects had already selected, which would person a full of 421 cardinal euros of nationalist financing.

"Today we instrumentality a long-held ambition: to bring astir the emergence of French and European concern champions," Minister for Digital Affairs Cedric O said successful a statement, adding that by 2025 adjacent to 2 cardinal euros would beryllium mobilised for the sector.

O announced the inaugural successful the offices of French unreality computing steadfast OVHcloud (OVH.PA), which went nationalist past period aft becoming 1 of the world's apical 10 players successful the industry. work much

Some French policymakers anticipation OVHcloud - the biggest European-based unreality services supplier - could connection an alternate to U.S. giants Amazon Web Services (AMZN.O), Microsoft's Azure (MSFT.O) and Google Cloud (GOOGL.O), which predominate the market.

Early successful October, French defence institution Thales (TCFP.PA) annouced a concern with Google to connection state-vetted unreality computing services for the retention of immoderate of France's astir delicate data. work much

($1 = 0.8627 euros)

Reporting by Marc Angrand Writing by GV De Clercq Editing by Mark Potter

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