European Union launches antitrust investigation into Corning

The European Union (EU) Commission has launched an official competition investigation against Corning, the manufacturer of Gorilla Glass, which has a large share in the technology industry. Gorilla Glass, which provides durable protection for smartphone and tablet screens, is widely used especially in devices of big brands such as Apple and Samsung. The Commission is investigating allegations that Corning has consolidated its superior position in this industry through anti-competitive agreements, thereby excluding rival glass manufacturers from the market.

At the center of this investigation initiated by the European Commission are the special supply agreements signed by Corning with major mobile device manufacturers. These agreements allegedly force device manufacturers to favor Gorilla Glass products and accept competitive price offers only if they are not below the price set by Corning. The EU states that such practices reduce the alternative glass options available to consumers and may increase device prices.

While commission officials emphasize that competition in glass technologies is essential to offer better quality and affordable products to consumers, they believe that alternatives to products that offer high-level protection features such as Gorilla Glass should also exist in the market. In this context, if a situation contrary to EU competition laws is detected, Corning may face serious sanctions.

If Corning is proven to have excluded competitors in violation of EU law, the company would be liable for fines under EU competition rules. However, Corning can compensate by offering the Commission some commitments to end the investigation. In the statements made by the company, it is stated that it will continue to comply with EU regulations and that it is working in cooperation with local regulatory institutions.

Gorilla Glass stands out as a product that has gained its position in the industry by providing resistance to scratches and impacts. This feature led to Gorilla Glass being preferred in many popular devices, especially the iPhone. However, increasing competition in the technology sector in recent years has enabled the development of more diverse and durable options in glass products. Now the EU is examining in detail whether Corning uses its strong position in a way that restricts fair competition in the market.

In recent years, the EU Commission has imposed various penalties on many large technology companies for violating competition rules. Giant companies such as Google, Apple and Amazon were also affected by the EU’s competition investigations and managed these processes by making different commitments. Now, we are wondering what course Corning will follow within the scope of this investigation, and the possible agreements and commitments it will make with the EU. Taking strict measures in line with its efforts to protect competition in Europe, the EU aims to increase consumer-friendly options and reduce device costs with these moves.

European Union investigation could be a turning point for Corning

It is thought that this investigation could be an important turning point in relations between Corning and other manufacturers. In particular, the future of glass protection technologies such as Gorilla Glass may create new opportunities by reshaping competition. The EU’s decision as a result of the investigation could redefine Gorilla Glass’ position in the smartphone market and pave the way for rival glass manufacturers to gain a larger share.

Source link: https://www.teknoblog.com/avrupa-birligi-corning-rekabet-sorusturmasi/