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
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
Brussels to Host Four Highly Anticipated Johann Sebastian Bach Concerts
They start this Saturday (June 13) and continue on June 20 and 27, and July 4, at the Cathedral of St. Michael and St. Gudula in Brussels.
For the third consecutive year, this is organised by the Ars in Cathedrali association.
From noon to 12.45pm, the world famous German composer will be celebrated by organists Ben Van Nespen, Charlène Bertholet, Annelies Focquaert, and Momoyo Kokubu.
The conce
5 Things to Know About the EU’s Air Passenger Rights Reform Deal
Criteria for Extraordinary Circumstances
The criteria for extraordinary circumstances, where airlines are exempt from compensating passengers for disruptions beyond their control, have been updated.
EU policymakers determined
The Hidden Biodiversity Battle to Save Europe’s Forests
In Suonenjoki village, the Natural Resources Institute Finland (Luke) is enveloped by pine forests. The soil fertility is low, making pine the dominant species.
However, within the campus nursery, genetic material from across Europe, including European larch, wild cherry, and Scots pine, is cultivated. This diversity effort is part of the EU-funded OptFORESTS research project.
Seedlings are pla
Call for Calm in Belfast Amid Violent Unrest
MEPs say protests such as those seen this week in Belfast “must remain peaceful and lawful.”
The message, from the ECR Group in the European Parliament, comes in the wake of violent disturbances in the Northern Irish city.
This follows clashes over consecutive nights between protestors and the police after a knife attack in the city.
Hadi Alodid, 30, originally from Sudan, appeared in court on W
Leave a Reply