iPhone maker Foxconn is owned by Foxconn Interconnect Technology. Late Monday the Foxconn Interconnect Technology giant acquired Belkin, which also owns the brands Linksys and Wemo.
Foxconn's agreement to buy the US consumer electronics maker has set 866 as a sale price for millions of dollars, according with the Financial Times.
Foxconn stated that the merge θα χρειαστεί έγκριση από την Επιτροπή Ξένων Επενδύσεων των ΗΠΑ. Η κυβέρνηση όμως του Προέδρου Donald Trump δεν βλέπει με καλό μάτι στις τηλεπικοινωνίες ΗΠΑ-Κίνας, οπότε δεν μπορούμε να μιλήσουμε ακόμη για κάποια ολοκληρωμένη συμφωνία.
Foxconn said that the acquisition of Belkin will enable it to better harness the premium accessories and the smart home market. Belkin has more than one 700 patent in its portfolio, including Linksys home routers, Belkin wireless accessories and Wemo's smart home products.
"FIT is excited to acquire Belkin and its capabilities in the field of high quality consumer products," said Sidney Lu, CEO of FIT.
“Incorporating the best features and solutions της Belkin στην FIT, περιμένουμε να εμπλουτίσουμε το χαρτοφυλάκιο των καταναλωτικών προϊόντων υψηλής ποιότητας και να επιταχύνουμε τη διείσδυσή μας στο έξυπνο home».
Belkin and its brands will operate as subsidiaries of FIT while Chet Pipkin, CEO and founder of Belkin International will join the management of FIT.
Belkin was founded in 1983 and is based in Los Angeles. It has more than 1.400 employees worldwide. Belkin completed Cisco's Linksys acquisition in March of 2013.
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