EU Opens Antitrust Probe into Corning, Maker of Gorilla Glass

The European Union has opened an investigation into Corning, the US manufacturer of Gorilla Glass, over possible anti-competitive practices. The probe is focused on Corning’s dominant position in the global supply of protective glass screens for handheld electronic devices. If the EU finds Corning guilty, it could face penalties of up to 10% of its global revenue.

Forecast for 6 months: Corning’s stock price may experience a short-term decline due to the antitrust investigation, potentially affecting its market value by 5-10%.
Forecast for 1 year: The EU’s investigation may lead to changes in Corning’s business practices, potentially resulting in increased competition and innovation in the glass screen market, benefiting consumers worldwide.
Forecast for 5 years: The EU’s antitrust probe may set a precedent for other companies in the tech industry, leading to increased scrutiny and potential investigations into similar anti-competitive practices, promoting a more competitive market.
Forecast for 10 years: The long-term impact of the EU’s investigation may be a shift towards more open and competitive markets, with companies like Corning adapting to new regulations and consumers benefiting from increased innovation and choice.

Tags: business, industry, innovation