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Foxconn set to acquire Belkin, Linksys and Wemo

Foxconn is continuing its expansion plans with the acquisition of Belkin. (Source: Fortune)
Foxconn is continuing its expansion plans with the acquisition of Belkin. (Source: Fortune)
Foxconn is set to acquire Belkin, and with it, Linksys and Wemo. The US$866 million deal is, however, subject to review by the US Committee on Foreign Investment.
Sanjiv Sathiah,
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Foxconn, better known as a key manufacturer in Apple’s supply chain, has announced that it is acquiring Belkin, Linksys and Wemo through subsidiary Foxconn Interconnect Technology. In purchasing Belkin, it will also pick up Linksys and Wemo, which are owned by Belkin. The acquisition is valued at US$866 million in cash and follows its acquisition of Sharp in 2016.

The move shows that Foxconn is keen to expand its operations and footprint beyond being simply a manufacturer of products, not only for Apple, but other companies like Microsoft, and into a much more fully fledged technology company. Belkin is of course well known for its consumer technology accessories, while Linksys is a major wirelesss solutions maker. Wemo is growing a reputation as smart home solutions product designer.

The Taiwan-based company will likely be somewhat nervous about the deal going through, as it will first need to pass through the US Committee on Foreign Investment. The Committee recently raised red flags over the now failed bid by Singapore-based Broadcom to acquire Qualcomm. Citing national security concerns, the Trump administration banned the deal before the Committee had even reached a recommendation on the matter.

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Sanjiv Sathiah
Sanjiv Sathiah - Senior Tech Writer - 1311 articles published on Notebookcheck since 2017
I have been writing about consumer technology over the past ten years, previously with the former MacNN and Electronista, and now Notebookcheck since 2017. My first computer was an Apple ][c and this sparked a passion for Apple, but also technology in general. In the past decade, I’ve become increasingly platform agnostic and love to get my hands on and explore as much technology as I can get my hand on. Whether it is Windows, Mac, iOS, Android, Linux, Nintendo, Xbox, or PlayStation, each has plenty to offer and has given me great joy exploring them all. I was drawn to writing about tech because I love learning about the latest devices and also sharing whatever insights my experience can bring to the site and its readership.
contact me via: @t3mporarybl1p
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 03 > Foxconn set to acquire Belkin, Linksys and Wemo
Sanjiv Sathiah, 2018-03-27 (Update: 2018-03-27)