Corning offers Gorilla Glass concessions to settle EU’s antitrust case

Gorilla Glass shaper Corning has proposed respective commitments successful an effort to settee an antitrust probe initiated by the European Union. The bloc launched a probe into Corning connected November 6th implicit concerns the New York-based institution utilized exclusivity contracts to propulsion retired rival solid makers from the telephone industry, allowing it to predominate the worldwide marketplace for break-resistant Alkali-AS Glass.

According to the EU Commission’s property release, the remedies projected by Corning see waiving each exclusivity clauses successful its existent agreements with telephone companies and solid finishers, promising not to usage specified clauses again successful future, and not forcing its customers to bargain circumstantial quantities of banal from Corning. Corning besides committed to lone enforce its patents related to break-resistant screen solid based connected patent infringement and not breach of contract.

If accepted, the EU Commission says Corning’s changes volition beryllium applicable worldwide and stay successful unit for astatine slightest 9 years. During that time, Corning volition beryllium monitored by the EU to guarantee ongoing compliance.

Outside parties person six weeks to situation the commitments, which could alteration earlier they’re officially accepted by the EU. If Corning fails to unrecorded up to its commitments, the institution could look fines of up to 10 percent of its worldwide turnover, oregon astir $1.25 cardinal based connected its 2023 fiscal results. Apple reached a akin woody with the EU successful July to settee an probe into third-party contactless payments.