Corning offers Gorilla Glass concessions to settle EU’s antitrust case
Gorilla Glass producer Corning has proposed several commitments in an attempt to settle an antitrust investigation initiated by the European Union. The bloc launched a probe into Corning on November 6th over concerns the New York-based company used exclusivity contracts to push out rival glass makers from the phone industry, allowing it to dominate the worldwide market for break-resistant Alkali-AS Glass.
According to the EU Commission’s press release, the remedies proposed by Corning include waiving all exclusivity clauses in its current agreements with phone companies and glass finishers, promising not to use such clauses again in future, and not forcing its customers to buy specific quantities of stock from Corning. Corning also...