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Apple Exempt From Corning's EU Antitrust Probe Deal
EUROPEAN ECONOMIC AREA, JUL 18 – Corning agreed to remove exclusivity clauses and will face fines up to 10% of annual revenue if it breaches commitments to promote competition in the European Economic Area.
- On Friday the European Commission accepted commitments from Corning, resolving its antitrust probe into Gorilla Glass supply deals.
- Following concerns about exclusive supply agreements, Brussels launched its probe last year, as the Commission said Corning required near-total sourcing of its Alkali-AS Glass.
- Under legally binding commitments, Corning will waive all exclusive clauses and won’t impose minimum purchase commitments in the EU.
- Facing fines up to 10% of its annual revenue, Corning secured commitments under EU law, said Teresa Ribera, European Union competition chief.
- A trustee will monitor Corning's compliance over a nine-year window, giving manufacturers greater flexibility to choose suppliers, as Corning’s commitments will remain in force for nine years under trustee oversight.
15 Articles
15 Articles
Corning avoids EU antitrust fine by ending exclusive deals with phone manufacturers
Corning, the US-based glass manufacturer behind Gorilla Glass, has vowed to end its exclusive deals and other practices that the European Commission deemed to be anti-competitive in order to avoid getting fined.
Corning Dodges EU Antitrust Clash With ‘Gorilla Glass’ Deal
Corning Inc. has avoided the threat of European Union antitrust fines, after it agreed to end exclusivity terms in its supply contracts for break-resistant smartphone screens that the watchdog deemed to be anticompetitive.
Corning concessions resolve EC Gorilla conflict
The European Commission (EC) accepted a series of commitments from Gorilla Glass manufacturer Corning to end a competition probe into its agreements with smartphone makers and glass processers. Legally binding pledges include waiving exclusive clauses with device manufacturers and finishers, which are processers of raw glass, and not to impose similar policies in the future. Its commitments apply to alkali-AS glass and transparent glass ceramics…
Commission accepts commitments by Corning to ensure competition in the supply of cover glass for handheld electronic devices
(Credit: Unsplash) he European Commission has made commitments offered by Corning legally binding under EU antitrust rules. The commitments address the Commission’s competition concerns over Corning’s conclusion of allegedly anticompetitive exclusive agreements for the supply of Alkali-aluminosilicate glass (‘Alkali-AS Glass’), a special type of glass mainly used as cover glass in smartphones and other handheld electronic devices. The Commission…
Corning Avoids EU Fine by Dropping Exclusive Deals with Smartphone Makers
Corning has avoided a European fine by choosing to end its exclusive agreements with smartphone manufacturers. This decision follows regulatory scrutiny, as EU authorities increasingly target restrictive business practices in the tech supply chain.
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