Corning Escapes EU Antitrust Penalty After Dropping Exclusive Smartphone Glass Deals
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Corning, the American manufacturer renowned for its Gorilla Glass used in smartphones, has sidestepped a potential antitrust fine from the European Union by agreeing to terminate exclusive supply agreements with major device makers. The EU's competition watchdog had raised concerns that these deals stifled competition by locking rivals out of the market.
Under the now-abandoned arrangements, Corning provided its durable display glass exclusively to several leading smartphone brands, effectively preventing competitors from supplying alternative products. The European Commission argued this practice violated antitrust rules by distorting fair competition. Corning's decision to end these exclusivity clauses avoids a formal investigation and possible fines, which could have reached up to 10% of the company's global revenue.
Industry analysts suggest the move could open doors for competing glass manufacturers, such as Japan's AGC or Germany's Schott, to secure contracts with top-tier phone brands. The EU has been increasingly vigilant about anti-competitive practices in the tech sector, with recent cases targeting giants like Google and Qualcomm.
Corning stated it remains committed to 'fair and open competition' while continuing to innovate in durable glass technology. The resolution highlights the EU's firm stance on ensuring a level playing field in the smartphone components market.
