Foxconn Acquires Belkin for $866 Million

  1.    27 Mar 2018 #1

    Foxconn Acquires Belkin for $866 Million

    Taiwanese Apple supplier and motherboard maker Foxconn has announced its acquisition of Los Angeles-based Belkin International for $866M this morning. Belkin owns Linksys and WeMo, and also makes a wide range of networking, home connectivity, cellphone accessories, cabling, and IoT components as well.
    Foxconn Interconnect Technology, a unit of the Taiwan-based Apple supplier Foxconn, is acquiring Belkin Intl., a U.S. electronics accessory maker, for $866 million.

    Foxconn, which is best known in the U.S. for assembling iPhones, has been expanding its operations into the U.S. In July 2017, Foxconn announced plans to build a $10 billion plant in Wisconsin to manufacture large LCD displays.

    The acquisition of Belkin, which is based in Los Angeles, gives Foxconn a major U.S. maker of smart home devices, Linksys routers and dozens of accessories and chargers for Apple and Android smartphones and devices.

    See USA Today/MSN News story link for rest of the copy....
    Source: Foxconn acquires U.S. electronics accessory maker Belkin for $866 million (USA Today/MSN News)
    Last edited by Barman58; 05 Apr 2018 at 07:26.
      My ComputersSystem Spec

  2.    27 Mar 2018 #1

    I hope the Belkin products improve. I've had nothing but bad luck with Belkin and now avoid that brand.
      My ComputersSystem Spec

  3.    27 Mar 2018 #2

    This can only be an improvement!
      My ComputersSystem Spec


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