EU Launches Antitrust Probe into Corning's Gorilla Glass Practices
The European Commission has started an antitrust inquiry into US-based Corning, over anti-competitive actions related to its Gorilla Glass.
Corning used exclusivity agreements with mobile manufacturers (OEMs) and glass finishers, imposing exclusive sourcing obligations; offering rebates and using 'English clauses' to match competitor prices. Agreements with finishers also included exclusive purchase obligations and clauses blocking patent challenges.
These actions may have lowered competition and increased prices. Corning can either make commitments or face a fine if found guilty
🔗 EU Commission
🧑💻 @agamtechtricks
The European Commission has started an antitrust inquiry into US-based Corning, over anti-competitive actions related to its Gorilla Glass.
Corning used exclusivity agreements with mobile manufacturers (OEMs) and glass finishers, imposing exclusive sourcing obligations; offering rebates and using 'English clauses' to match competitor prices. Agreements with finishers also included exclusive purchase obligations and clauses blocking patent challenges.
These actions may have lowered competition and increased prices. Corning can either make commitments or face a fine if found guilty
🔗 EU Commission
🧑💻 @agamtechtricks