European Union Investigates Corning's Potential Monopoly in Smartphone Glass Market

The European Union is investigating Corning amidst concerns that the company may be engaging in anti-competitive practices within the smartphone glass market. The Commission is concerned about exclusive supply agreements between Corning and smartphone manufacturers, as well as potential no-challenge clauses in contracts with raw material suppliers.The company holds a significant share of the global alkali-aluminosilicate glass market thanks to its popular Gorilla Glass product.