France's Macron calls for European tech company push by 2030

FILE PHOTO: France's President Emmanuel Macron holds a news conference during the NATO summit in Brussels, Belgium June 14, 2021. REUTERS/Christian Hartmann

PARIS (Reuters) - French President Emmanuel Macron on Tuesday outlined an ambitious push for Europe to create 10 technology giants worth 100 billion euros ($121.26 billion) each in valuation by 2030, in a bid to rival U.S. companies that dominate the sector.

The goals are part of a Europe-wide initiative France is trying to lead to improve funding for start-ups, especially in their later stages of growth, to propel them into a bigger league where they can attract more investors and top staff.