Investigation by EU Antitrust Authorities into Corning

The European Commission has launched an antitrust investigation against Corning, the producer of Gorilla Glass widely used in mobile devices and electronics. The commission suspects Corning may be using exclusive contracts that limit competitors’ access to the protective glass market, potentially preventing price reductions and hindering innovation. Regulators are concerned that these actions could lead to higher prices for consumer devices and deprive electronics manufacturers of alternative suppliers. If the suspicions are confirmed, Corning could face millions in fines. This investigation highlights the EU's growing scrutiny of technology suppliers that impact consumer products and the market as a whole. The regulators aim to create a more competitive environment, which would benefit both pricing and product diversity for consumers.