BRUSSELS :Glass maker Corning has offered to scrap all exclusive clauses in its deals with mobile phone makers and raw glass processing companies to end an investigation, EU antitrust regulators said on Monday, a move which would stave off a possible hefty fine.The U.S. company, which sells a break resistant

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Corning offers to waive exclusive deals in EU antitrust probe, may stave off fine

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After the European Union opened a competition investigation into Corning earlier this month, citing concerns over alleged exclusive dealing, the Gorilla Glass maker has offered a raft of changes to its contract clauses aimed at settling the probe. The U.S. company is a supplier to major electronics brands including Apple’s iPhone, and the changes could […] © 2024 TechCrunch. All rights reserved. For personal use only.

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Corning offers bundle of commitments in bid to settle EU antitrust probe

Gorilla Glass is used in many of the most popular smartphone offerings, such as the Samsung Galaxy S23 (pictured). | Photo by Allison Johnson / The Verge  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…

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Corning offers Gorilla Glass concessions to settle EU’s antitrust case

By Foo Yun Chee and Bart H. Meijer BRUSSELS (Reuters) -Glass maker Corning has offered to scrap all exclusive clauses in its deals with mobile phone makers and raw glass processing companies to end an investigation, EU antitrust regulators said on Monday, a move which would stave off a possible hefty fine. The U.S. company, which sells a break resistant glass used as a cover for mobile phones, tablets and smart watches under the Gorilla Glass br…

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Corning offers to waive exclusive deals in EU antitrust probe, may stave off fine - Blue Water Healthy Living

The European Commission on Monday said U.S. maker of break resisting glass Corning had offered to waive all exclusive deals with mobile phone manufactures to address concerns over possible anticompetitive behaviour.

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Apple supplier Corning offers to waive exclusive deals in EU antitrust probe

By Foo Yun Chee and Bart H. Meijer BRUSSELS (Reuters) -Glass maker Corning (NYSE:GLW) has offered to scrap all exclusive clauses in its deals with mobile phone makers and raw glass processing companies to end an investigation, EU antitrust regulators said on Monday, a move which would stave off a possible hefty fine. The U.S. company, which sells a break resistant glass used as a cover for mobile phones, tablets and smart watches under the Goril…

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Investing Business Daily | Corning offers to waive exclusive deals in EU antitrust probe, may stave off fine

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…

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On Monday, the European Commission reported that Corning, the market leader in protecting glass from screens of electronic devices such as mobile phones, has offered to renounce a series of practices that Brussels considers abusive, including exclusivity clauses with customers such as Apple to which it supplies its special crystals, in response to the antitrust investigation initiated earlier this month by Community services.

La Comisión Europea ha informado este lunes de que Corning, líder en el mercado del vidrio protector de las pantallas de dispositivos electrónicos como teléfonos móviles, ha ofrecido renunciar a una serie de prácticas que Bruselas considera abusivas, incluidas las cláusulas de exclusividad con clientes como Apple a los que suministra sus cristales especiales, en respuesta a la investigación antimonopolio iniciada este mismo mes por los servicios…

Corning offers to waive exclusive deals in EU antitrust probe, may stave off fine

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