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Corning Inc., a New York-based company renowned for its "Gorilla Glass," a specialized alkali-aluminosilicate glass widely utilized in smartphones, tablets, and other handheld devices, has struck a new antitrust agreement with the European Commission. The aim of this agreement is to address concerns regarding Corning's previously perceived anti-competitive marketing practices. Notably, the agreement does not encompass the glass used in Apple products, including the iPhone and iPad.
Previously, the EU had initiated an antitrust investigation into Corning due to suspicions that the company was distorting market competition through exclusive deals with manufacturers. The newly reached settlement is expected to alleviate these concerns, though the specific terms and broader impacts of the agreement are yet to be fully disclosed.
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