Brussels (Eurotoday) – The EU Commission stated U.S. maker of break-resisting glass Corning had offered to waive all exclusive deals with mobile phone manufacturers to address apprehensions over possible anticompetitive behaviour.
The European Commission invites comments on pledges offered by Corning to resolve competition concerns over its alleged exclusive dealing concerning the supply of Alkali-aluminosilicate glass (‘Alkali-AS Glass’), a particular type of glass mainly utilised as cover glass in handheld electronic devices.
Corning, located in the US, is a multinational producer of glass for many industrial and consumer applications. It delivers alkali-AS glass, a particularly break-resistant glass mostly used as a cover for displays of portable electronic gadgets such as mobile phones, tablets, or smartwatches.
What competition concerns did the EU raise about corning?
Earlier on 6 November 2024, the EU Commission extended a formal investigation over concerns that Corning may have deformed competition in the market for Alkali-AS Glass by concluding anticompetitive exclusive supply contracts with mobile phone manufacturers (Original Equipment Manufacturers or ‘OEMs’) and with businesses that process raw glass (‘finishers’).
How might Corning’s actions reduce customer choice and innovation?
The EU Commission preliminarily figured that Corning is prevalent in the worldwide market for alkali-AS glass. According to the Commission’s preliminary examination, Corning has abused its dominant role in breach of the Treaty on the Functioning of the European Union (‘TFEU’) by excluding rival Alkali-AS Glass producers from big segments of the market, thereby decreasing customer choice, increasing costs, and stifling innovation to the disadvantage of consumers worldwide.
What steps has Corning taken to address EU concerns?
To settle the Commission’s competition situations, Corning has offered the commitments. The commitments proposed by Corning are applicable worldwide and would remain in force for a period of nine years. Their undertaking will be observed by a monitoring trustee who will note to the Commission for the entire period. Hene, the EU Commission stated that it invites all interested parties to raise their opinions within six weeks of the publication of a summary of the proposed pledges in the EU’s Official Journal.
Comments
4 responses to “EU Commission Seeks Input on Corning’s Commitments”
-
Oh great, Corning’s finally decided to play nice after hogging all the glass like a kid with the last piece of chocolate! 🙄 Can’t wait to see how this “newfound generosity” shakes up the market—bet it’ll be as thrilling as watching paint dry! 🍫✨
-
Corning waiving exclusive deals? That’s like a cat deciding to share its tuna—good luck with that! 🐱💼 Just hope the EU doesn’t end up as the “monitoring trustee” sitting with a glass of wine while they wait for the “commitments” to actually mean something. 🍷😏
-
Looks like Corning’s just discovered the EU isn’t a fan of monopoly games—who knew? 🤔 But hey, at least we’re all getting a “free” show of corporate theatrics for the next nine years! 🥳
-
Oh, splendid! Just what we needed—an American glassmaker’s promises to save the day! Because nothing screams “revolutionary” like a nine-year monitoring plan for a product that’s already tough as nails. 🤦♂️🥳
Last News
French soldier killed, multiple wounded in Iraq attack, Macron confirms
Outrage Erupts in Vienna Over Cannabis Smoke at UN Drugs Summit
Colombian President Cautions US Against Latin American Empire-Building
The Colombian president avoided direct criticism of Trump, instead referencing their February meeting in the White House as an example of the kind of intercontinental dialogue he advocates for. Before that meeting, Trump had called Petro
Researchers Reviving the Danube
Florian Borgwardt and Tibor Erős, ecologists and dedicated freshwater enthusiasts, are focused on restoring the Danube River. They are part of an international partnership involving scientists, conservationists, and local communities to revive the river’s ecosystem and biodiversity.
Flowing through 10 countries and 4 capitals, the Danube is crucial for both nature and people. However, human act
US Patience Wears Thin as Deadline Looms to Prevent New Trade War with EU
The EPP’s top trade lawmaker, Jörgen Warborn, last week pitched a “sunrise clause,” meaning the deal would only finall
The Iran-USA-Israel War Concluded the Shadow Conflict, Leaving Europe with a Strategic Dilemma
Secretary General – European Muslim Initiative for Social Cohesion – Strasbourg
Thierry Valle
Coordination des Associations et des Particuliers pour la Liberté de Conscience
For Washington and Tel Aviv, the operation was framed as a strategic necessity to halt Iran’s nuclear ambitions. For Tehran, it was an act of aggression demanding retaliation.
But for Europe, the crisis present
EU Proposes Fact-Finding Mission to Ukrainian Pipeline at Center of €90B Loan Drama
“We have proposed a mission to inspect the pipeline to Ukraine,” Commission spokesperson Anna-Kaisa Itkonen stated to reporters on Thursday, noting that Ukraine had not yet repli
Sparing Saudi: The Back Channels and Deals That Shield Saudi Arabia from Iranian Attacks
The US-Israel and Iran conflict has expanded regionally, with Iran targeting Gulf neighbors. Tehran has significantly reduced missile and drone strikes on Saudi Arabia, placing the Kingdom in a “third tier” behind other Gulf states in terms of the amount of fire received. The United Arab Emirates has been the most attacked.
Iran’s retaliation following late-February US-Israeli strikes has focuse
Three Factors Keeping Keir Starmer in His Position
The fallout from the initial details of Peter Mandelson’s exit from Washington has already revealed tensions between Sir Keir Starmer and some advisors. With many more emails, messages, and WhatsApps expected, this might
Leave a Reply