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Will Corning change its supply agreements due to the EU investigation by June 2025?
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Resolution / Starting Odds
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Official statements from Corning or reports from credible news sources
Story
EU Launches Antitrust Investigation into Corning's Gorilla Glass and Exclusive Supply Deals
Nov 6, 2024, 01:24 PM
The European Union has launched an antitrust investigation into Corning, a leading manufacturer of toughened Gorilla Glass used in smartphones. The probe centers on allegations that Corning has abused its market dominance by entering into exclusive supply deals with mobile phone makers and glass processing companies, potentially squeezing out rival manufacturers. The EU Commission is concerned that these practices may violate competition rules, particularly in the market for alkali-aluminosilicate glass, which is commonly used in smartphone screens. Antitrust regulators are examining whether Corning's actions are anti-competitive and could significantly impact the competitive landscape in the smartphone industry.
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