iPhone maker Foxconn is owned by Foxconn Interconnect Technology. Late Monday, 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 said the merger would need approval from the US Committee on Foreign Investment. But the government of the President Donald Trump he doesn't take kindly to US-China telecoms, so we can't talk about a done deal yet.
Foxconn said the acquisition of Belkin will allow it to better leverage its premium αξεσουάρ και την έξυπνη εγχώρια αγορά. Η Belkin διαθέτει περισσότερα από 700 διπλώματα ευρεσιτεχνίας στο χαρτοφυλάκιό της, συμπεριλαμβανομένων των Linksys home routers, Belkin wireless accessories and Wemo 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 Belkin's best capabilities and solutions at FIT, we expect to enrich the portfolio of high quality consumer products and accelerate our intrusion into the smart home."
Belkin and commercial signalwill 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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