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What will be the outcome of the EU antitrust probe against Corning by end of 2024?
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Resolution / Starting Odds
No fines imposed • 25%
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Official announcements from the European Commission
Story
Corning Waives Exclusive Deals for Gorilla Glass to Settle EU Antitrust Probe
Nov 25, 2024, 12:37 PM
Corning Inc., a US-based manufacturer of break-resistant Gorilla Glass, has offered a series of commitments to the European Commission in an effort to settle an ongoing EU antitrust probe. The investigation focuses on allegations that Corning engaged in exclusive deals with mobile phone manufacturers for its Gorilla Glass, potentially stifling competition in smartphone screens. The commitments include waiving all exclusive clauses in its agreements with smartphone makers, aiming to address concerns over anticompetitive behavior. This move could potentially help Corning avoid fines from the EU antitrust authorities.
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