Corning settles EU antitrust probe by agreeing to open smartphone glass market (techcrunch.com)
from drmoose@lemmy.world to technology@lemmy.world on 21 Jul 04:46
https://lemmy.world/post/33255689

Corning, the US-based manufacturer of Gorilla Glass, has successfully avoided potential European Union antitrust fines of up to $1.25 billion by agreeing to a set of legally binding commitments that address concerns over its exclusive supply agreements for specialty glass used in smartphones and other handheld devices.

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themurphy@lemmy.ml on 21 Jul 08:04 collapse

EU is on fire. Only consumer protector left on a global scale.

drmoose@lemmy.world on 21 Jul 08:08 collapse

The fines seem to be based on global revenue too so that 1.2B figure comes from 10% of global revenue which is much harder to justify as “cost of doing business”.

themurphy@lemmy.ml on 21 Jul 17:50 collapse

Very true. And the fine will be raised for next time, so you really dont want strike one.