EU Investigates Corning for Possible Antitrust Violations in Gorilla Glass Deals
The European Commission is examining whether Corning's exclusive agreements with device makers have stifled competition and innovation in the smartphone glass market.
- Corning is under scrutiny for potentially abusing its dominant market position through exclusive supply agreements with mobile phone manufacturers.
- The investigation will assess if Corning's contracts have excluded rival glass producers, limiting consumer choice and driving up prices.
- EU regulators are concerned about rebates offered by Corning for exclusivity and clauses preventing competitors' offers unless Corning cannot match them.
- Corning's agreements with raw glass processors, known as finishers, are also being examined for exclusivity and no-challenge clauses.
- If found guilty of breaching EU antitrust rules, Corning could face fines up to 10% of its global revenue.