EU Investigates Corning's Glass Market Practices

The European Commission has launched an antitrust investigation into Corning, the leading supplier of Gorilla Glass, over potential anti-competitive practices. The probe centers on allegations that Corning, which supplies glass for major smartphone brands, including Apple and Samsung, may have abused its market dominance by enforcing exclusive supply agreements with mobile phone manufacturers and raw glass processors. These agreements allegedly require manufacturers to source nearly all of their glass from Corning and offer rebates for exclusivity, potentially squeezing out rival glass makers and limiting consumer choice. The investigation will examine exclusive sourcing obligations, exclusivity-based rebates, and clauses demanding manufacturers inform Corning of competitive offers before accepting them. If found in violation of EU competition rules, Corning could face fines of up to 10% of its global turnover but may offer commitments to address the EU's concerns. This investigation highlights the importance of maintaining competition to ensure affordable and high-quality products for consumers.