Foxconn is about to buy belkin, the owner of the linksys and wemo brands

Foxconn is a Taiwanese company known for making Apple devices, the company is looking to expand its business, and will soon be behind some of the best known routers and accessories after the purchase of Belkin, who owns the Linksys and Wemo brands.

Foxconn would have already closed the agreement with Belkin

Belkin is a California-based company with 35 years of history, during which it has offered a wide variety of accessories including wireless chargers, laptop docks, and phone cases. Belkin bought Linksys in 2013, acquiring great router technology that has led him to create his Wemo smart home system.

We recommend reading our post on Best processors on the market (February 2018)

Now Foxconn is about to take Belkin for an amount of $ 866 million, a very important move, which allows the Taiwanese to become the owner of three very important brands in the sector, a great change for a company that is He was in charge of manufacturing devices for other companies only. The operation is nearing completion pending approval by the US Foreign Investment Committee. UU, which means that it is not yet a done deal.

Since the beginning of this year, Foxconn has been expressing its desire to diversify its businesses, so it does not depend as much on the iPhone as in the past, although it is estimated that half of its income continues to come from the manufacture of Apple devices. Foxconn's intention is to expand his business to reduce his dependence on those of Cupertino.

Theverge font