Corning is facing European Union antitrust scrutiny after the bloc’s watchdog said it’s investigating the speciality glass maker’s exclusive deals for its Gorilla Glass used in cellphones.
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The European Commission, the 27-nation EU's top antitrust enforcer, said it opened a formal investigation to determine whether Corning Inc. abused its dominant worldwide position for the toughened glass used in smartphones, tablets and other portable devices.The commission, which is the EU's executive branch, said it was concerned about “anti-competitive exclusive supply agreements" requiring device makers to source all or nearly all of their glass from Corning.
Corning is “committed to compliance with all applicable rules and regulations where it does business,” the company said in a statement."As part of that commitment, we work with local regulatory authorities to ensure open discussion and cooperation.”
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