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
Burnham Launches Battle Against ‘Cover-Up Culture’
The Public Office (Accountability) Bill, also known as the Hillsborough law, is named after the 1989 tragedy at the Sheffield stadium where 97 Liverpool fans lost their lives in a crush.
The proposed legislation requires public bodies to be tru
The Day the European Parliament Yielded to Far-Right Pressure, Setting a Concerning Precedent
Eurotoday is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.
Noskova Brings Wimbledon Victory to Czech Republic
Written by Daniel Mercer, Sports Correspondent, The European Times
Although Wimbledon often highlights champions as solitary figures, Noskova’s win represents a triumph f
Peers told to attend House of Lords more often — or get fired
The implementation of this limited change took over 18 months, and Starmer did not secure agreement on additional reforms to reduce the House’s size, which were part of his Labour Party’s election-winning 2024 man
Business Press Releases Foster Trust and Enhance Google Visibility
London, July 13 Eurotoday Newspaper – Business press releases are becoming a key part of corporate communication strategies as companies seek stronger online visibility and greater public trust. Public relations professionals report that businesses publishing timely, factual announcements are more likely to attract media attention while supporting their long-term presence in Google Search and G
Brussels Considers Online Child Safety
Expert recommendations prioritize privacy, platform design, and young people’s wellbeing in Europe’s upcoming digital discussion
Today, the European Commission’s child-safety-online panel presents its recommendations to Ursula von der Leyen, steering the European debate from general concerns about young people’s screen time to specific policy decisions regarding social media, age assurance, and
Blair Advises Burnham: Popularity May Not Follow
With additional time in Paris for Bastille Day celebrations and a potential trip to the World Cup final in the US, Starmer is concluding his tenure on the global stage – perhaps his comfort zone.
In Westminster, prime minister-in-waiting Andy Burnham intensifies government preparation, promisin
Mylan Intends to Divest Up to $363 Million Stake in India’s Biocon
Bengaluru, July 13 Brussels Morning Newspaper – Mylan Biocon stake sale has moved into focus after a term sheet showed Mylan plans to sell shares worth up to $363 million in Indian biopharmaceutical company Biocon. The proposed transaction is expected to take place through a block deal, allowing institutional investors to purchase a significant portion of the company’s publicly traded shares.
M
A ‘Super Tuesday’ for an Expanded EU
Brazil’s Economy Forecast Predicts Moderate Growth After October Presidential Election
São Paulo, July 13 Eurotoday Newspaper – Brazil economy forecast remains positive as economists expect the country’s economy to grow at a moderate pace following the October presidential election. Analysts believe stable domestic demand, improving investment conditions and easing inflation could support continued economic expansion, although fiscal policy and global market uncertainty remain ke
Leave a Reply