Publication of the DGE's 2025 activity report: economic security, attractiveness, and industrial sovereignty

The 2025 activity report of the Directorate-General for Enterprise (DGE) provides quantitative and operational insights into the evolution of French economic policy in a context of significant geopolitical and technological tensions. It illustrates a very concrete increase in the power of the state's tools, particularly in terms of economic security, the supervision of foreign investment, and support for critical industrial sectors.

On the economic security front, the report highlights the central role played by the SISSE (Strategic Information and Economic Security Service), which is responsible for driving French economic security policy and coordinating the protection of technologies and companies against foreign threats. In 2025, several hundred alerts were processed, relating to risks of strategic asset capture, technological dependencies, or foreign economic pressure.

The report also highlights the strengthening of ex post controls on foreign investments (downstream FDI) by the SISSE, with more than a hundred on-site and documentary checks carried out to verify compliance with the commitments made by investors.

With regard to foreign investment, the report confirms that France remains attractive, including in technology-intensive sectors. However, this attractiveness comes with more stringent regulations. The measures described by the DGE demonstrate a clear desire to reconcile economic openness with the protection of strategic national interests, by securing sensitive operations without hindering productive investment. The strengthening of controls illustrates an approach based on compliance, traceability, and accountability of economic actors.

Finally, the report fully addresses the challenges of industrial sovereignty, particularly through critical technologies such as semiconductors. Without devoting an entire chapter to the subject, the DGE highlights Europe's heavy dependence in this sector and the importance of national and European initiatives aimed at strengthening industrial capabilities. Semiconductors thus appear to be a key lever for competitiveness, innovation, and long-term economic security.

Beyond providing general guidance, this report serves as a valuable working basis for understanding the current mechanisms of French economic policy and the growing expectations in terms of risk management, investment flow control, and support for strategic industries.

Link of the report (in French).