Gorilla Glass producer Corning has proposed a number of commitments in an try to settle an antitrust investigation initiated by the European Union. The bloc launched a probe into Corning on November sixth over considerations the New York-based firm used exclusivity contracts to push out rival glass makers from the telephone trade, permitting it to dominate the worldwide marketplace for break-resistant Alkali-AS Glass.
In response to the EU Fee’s press launch, the cures proposed by Corning embody waiving all exclusivity clauses in its present agreements with telephone corporations and glass finishers, promising to not use such clauses once more in future, and never forcing its clients to purchase particular portions of inventory from Corning. Corning additionally dedicated to solely implement its patents associated to break-resistant cowl glass primarily based on patent infringement and never breach of contract.
If accepted, the EU Fee says Corning’s adjustments can be relevant worldwide and stay in power for at the very least 9 years. Throughout that point, Corning can be monitored by the EU to make sure ongoing compliance.
