European Union Investigates Corning's Potential Monopoly in Smartphone Glass Market
The European Union is investigating Corning over concerns that the company might misuse its dominant position in the global market for alkali-aluminosilicate glass, commonly used in smartphone screens. If you own a smartphone, chances are, the glass used to make the screen came from Corning.
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.
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