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
New Uncertainty at Israel-Lebanon Border Following First Deadly Strike Post U.S.-Iran Deal
SOUTH LEBANON, June 15 – Eurotoday Newspaper — Israel Lebanon border tensions have returned to the international spotlight after a deadly strike in southern Lebanon reportedly killed one person, marking the first fatal incident since the announcement of a diplomatic agreement between United States the and Iran. The development has raised fresh questions about regional stability and whether local
OneTaste at the Human Rights Council: Legal Categories Blurring into Belief Policing
A UN submission examines the expanding scope of trafficking law and its effects on spiritual leadership.
After completing the first academic study of the American organization OneTaste with María Vardé for the scholarly online encyclopedia World Religions and Spirituality Project (WRSP), I have taken a keen interest in the written submission by the ECOSC-accredited NGO CAP LC for the 62nd sessio
Un think tank pro-Orbán suspendu du registre de transparence européen
Why Plutonium Is Not the Quick Solution to America’s Nuclear Fuel Challenge
UNITED STATES, June 15 – Brussels Morning Newspaper — plutonium nuclear fuel has returned to the spotlight as policymakers and energy experts debate how to strengthen America’s long-term nuclear energy supply. While some advocates point to plutonium as a possible future fuel source, specialists warn that the material presents major technical, economic, and security challenges that prevent it fro
UN Calls on Global Community to Remember Rohingya Refugees Amid Aid Reduction Threats
Kyiv Cathedral Hit by Russian Drone Strikes Overnight
“What more must the Kremlin Antichrist do for the world to realize that decisive action must be taken to end Russian terror against Ukraine and the very principles of peace?” he wrote on X.
Presi
“Growing sense” that Europe cannot rely on the U.S. for security – survey
Public support for expanding the EU eastwards is “slipping,” says a major new survey.
It found that majorities in most countries continue to view war torn Kyiv either as an “ally” or a “necessary partner”.
However, there is “markedly less enthusiasm and consensus” on subjects of long-term support such as sending peacekeeping troops to Ukraine after the war and expanding the EU eastwards.
One of
Germany and Curaçao Open a World Cup Story About Scale
The four-time champions start off in Houston against the smallest nation ever to qualify for the tournament
Germany’s World Cup kickoff against Curaçao in Houston goes beyond a clash between a European powerhouse and a newcomer. It serves as an early gauge of the expanded tournament’s potential: pressure for established teams, exposure for smaller football nations, and a reminder of
Bardella warns Brussels he won’t moderate
CPMR Applauds EU’s Ambitious New Islands Strategy
The initiative, unveiled on Wednesday, marks the first attempt to give Europe’s islands and coastal areas a more coherent policy framework.
The European Commission formally adopted two dedicated strategies, one for EU islands and one for EU coastal communities.
This sets out for the first time a coordinate
Leave a Reply