The European Commission has initiated a formal investigation into Corning over potential abuse of market dominance, examining whether anticompetitive agreements were made with major cell phone manufacturers.
Corning stands accused of entering exclusive purchase agreements and discount arrangements, which may have hindered competition, limited consumer choice, and impeded innovation in the protective glass market.
The investigation focuses on whether Corning's practices have harmed competitors by raising market entry barriers, leading to less choice for consumers and higher prices for protective glass technology.
Corning will be given the opportunity to address the European Commission's concerns, and the investigation might conclude favorably for them if they comply with specific obligations.
Collection
[
|
...
]