Spoiler: French and German government want to create “European Champions”. Following the EC decision to block the merger between Alstom and Siemens, Berlin, and Paris push for less strict competition rules in the EU. They were later joined by Rome and Warsaw. Pushing for European Champions is a bad idea. EU competition rules are designed to benefit consumers. Consumers will be harmed by relaxed competition rules that allow some firms to gain more market power by weakened competition.
In concentrated markets become, prices are higher, and outputs are lower. Profits are higher but real wages are lower, so capital shares of income are higher and labour shares lower. Income inequality is higher in a society with weak competition.
In fact, it would be counterproductive to amend the pro-competitive EU framework for making it easier to subsidise potential large EU tech firms. Intense competition on domestic markets is beneficial for innovation and export competition on international markets.