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Apple supplier Corning offers to waive exclusive deals in EU antitrust probe
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Apple supplier Corning offers to waive exclusive deals in EU antitrust probe
Nov 25, 2024 3:15 AM

Nov 25 (Reuters) - The European Commission on Monday

said U.S. maker of break resisting glass Corning had

offered to waive all exclusive deals with mobile phone

manufactures to address concerns over possible anticompetitive

behaviour.

The EU earlier this month said it started an antitrust

investigation over exclusive supply deals between Corning and

mobile phone makers like Apple ( AAPL ) and raw glass processing

companies that may exclude rival glass producers from large

segments of the market.

Corning sells a break resistant glass used as a cover for

mobile phones, tablets and smart watches under the Gorilla Glass

brand.

As part of its proposed concessions, the company also

pledged to drop purchase requirements made to companies and to

stop offering price advantages conditional on such requirements.

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