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
Prosecutorial Overreach in Argentina: An Escalating Human Rights Issue
A Comparative Analysis of Expansive Prosecutorial Practices and Their Impact on Freedom of Religion or Belief and Due Process
In recent years, Argentina has seen a concerning trend in criminal cases: prosecutors extending their authority beyond legal limits, creatively interpreting laws, and handling evidence carelessly, raising significant human rights issues. As an international human rights l
Canada’s Carney Sees ‘Timely’ Role for G7 in Any Iran Deal
However, Carney stressed that any credible agreement must involve “a broader cessation of hostilities, including in Lebanon.”
Martin, whose government has b
Middle East Conflict Intensifies: New Challenges for Families, Economies, and Communities
Gaza Strip, June 13 – Eurotoday Newspaper — Middle East conflict impact remains a major concern as ongoing instability continues affecting families, communities, and economies throughout the region. Humanitarian organizations, governments, and international institutions are closely monitoring developments as the Middle East conflict impact extends beyond immediate security concerns and influence
World News Summary: Violence Impedes Ebola Response, Aid in Darfur and Gaza, Nicaraguan Activist’s Death in Custody
Escalating Regional Security Tensions: Diplomacy and Military Actions Reshape the Middle East
Jerusalem, Israel, June 13 – Eurotoday Newspaper — Regional security tensions continue drawing international attention as diplomatic negotiations, military activity, and geopolitical developments shape the outlook for the Middle East. Governments, investors, and policy experts are closely monitoring events across the region as regional security tensions influence security planning, economic expe
Swedish Jets Intercept Russian Aircraft in Two Separate Incidents
The Swedish military indicated in a statement that on Friday there were two separate occurrences when Russian Su-24 and Su-34 fighter jets flew in the Baltic Sea area but did not enter Swedish airspace.
“Russia’s actions ar
Switzerland’s Population Cap Vote Threatens EU Free Movement
Swiss voters are approaching a national ballot on whether to restrict the permanent resident population below 10 million until 2050. If approved, this could force Switzerland to limit family reunification and asylum measures, affecting its free movem
Rising Regional Security Risks Amid Global Focus on Middle East Diplomacy
Jerusalem, Israel, June 13 – Eurotoday Newspaper — Regional security risks are drawing renewed international attention as governments across the Middle East closely monitor ongoing diplomatic developments involving major global and regional powers. Policymakers, security analysts, and investors continue evaluating how changing geopolitical conditions could influence stability, cooperation, and f
EU Countries Approve Initiating Membership Talks with Ukraine, Moldova
“This acknowledges the determination, bravery, and hard work of both countries in pursuing reforms, even amidst significant challenges,” stated
Scotland’s World Cup Return Begins Against Haiti in Boston
Two long World Cup absences meet in Group C as the expanded tournament gives smaller football nations a larger stage
Scotland faces Haiti in Boston on Saturday night as they make their return to the men’s World Cup after a 28-year absence. This Group C opener is more than just a match; it’s a test of preparation and identity for both teams, reflecting how football’s biggest tournament now
Leave a Reply