EU investigates Corning for limiting competition in Gorilla Glass market through exclusive deals.

The European Union's antitrust watchdog is investigating Corning Inc. for potentially limiting competition in the Gorilla Glass market through exclusive deals with mobile device makers. These deals require manufacturers to source nearly all their glass from Corning in exchange for rebates, which may prevent other suppliers from competing fairly. If found in violation of EU competition law, Corning could face fines of up to 10 percent of its annual global revenue.

November 11, 2024
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