Corning settles EU antitrust probe by agreeing to open smartphone glass market
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Corning, the US-based manufacturer of Gorilla Glass, has successfully avoided potential European Union antitrust fines of up to $1.25 billion by agreeing to a set of legally binding commitments that address concerns over its exclusive supply agreements for specialty glass used in smartphones and other handheld devices.
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Corning, the US-based manufacturer of Gorilla Glass, has successfully avoided potential European Union antitrust fines of up to $1.25 billion by agreeing to a set of legally binding commitments that address concerns over its exclusive supply agreements for specialty glass used in smartphones and other handheld devices.
EU is on fire. Only consumer protector left on a global scale.
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EU is on fire. Only consumer protector left on a global scale.
The fines seem to be based on global revenue too so that 1.2B figure comes from 10% of global revenue which is much harder to justify as "cost of doing business".
