The European Commission proposed laws on Wednesday to boost domestic cloud, AI and semiconductor industries and cut reliance on US Big Tech, defying U.S. government criticism of the bloc's crackdown on its industry.The Cloud and AI Development Act and Chips Act 2.0 form part of Europe's push for technological sovereignty and its efforts to close the gap with U.S. and Chinese rivals. The Commission wants to double the EU's global market share of semiconductors to 20% by 2030.advertisementRead Full Story"We cannot afford to depend on others for the technologies that keep our hospitals running, our energy grids stable and our…