Foxconn to purchase Belkin along with Linksys and Wemo

Hon Hai Precision Industry subsidiary Foxconn and Belkin have reached an agreement for the Taiwanese electronics megamanufacturer to purchase the router and accessory maker for $866 million in cash. The purchase includes Belkin as well as its Linksys, Wemo, and Phys sub-brands. The Financial Times says that Foxconn purchased Belkin in order to access its sales network, production capabilities, and portfolio of over 700 patents.

Belkin is probably most famous for making computer and consumer electronics accessories like cables, cases, and chargers over the last 35 years. The company's umbrella also includes networking hardware manufacturer Linksys, smart home accessory brand Wemo, and the Phys water-usage monitoring device. Belkin CEO Chester J. Pipkin will take on a new role overseeing Belkin operations within Foxconn.

Foxconn is probably best known as the contract manufacturer of Apple's iPhone smartphones, though long-time PC builders have doubtless seen the maker's mark on components like CPU sockets and even retail motherboards over the years.

The Financial Times goes on to report that the deal must gain approval from the Committee on Foreign Investment in the United States. TR readers will recall that US government scrutiny recently scuttled Singapore-based Broadcom's ambitions to acquire US silicon design firm Qualcomm. Foxconn's plans to open a $10 billion factory in Wisconsin might help regulators smile on the deal.

Foxconn's purchase of Japanese electronics maker Sharp back in 2016, coupled with today's buyout, suggest the company plans to charge into the US consumer electronics market through use of established brands. Some other large Chinese electronics makers, including Le Eco and Huawei, have encountered troubles trying to expand from Asian markets to the US.

Comments closed
    • DrCR
    • 2 years ago

    Thoughts on whether this will pass fed scrutiny?

    • NovusBogus
    • 2 years ago

    Belkin gave me a Nostromo keypad back in the day so I have a bit of a soft spot for them, but it was never quite a soft enough spot to buy much. Belkin has done some genuinely good product development over the years, but their core revenue always came from up-sold accessories in brick and mortar stores and that’s not a great place to be in the age of Monoprice and Amazon. So getting bought by a foreign transnational feels like more of a step sideways than backwards.

    • Chrispy_
    • 2 years ago

    Belkin: finding ways to over-market, over-brand, and over-price mundanely simple cables and adapters since forever.

    Cables and adapters are the lowest-tech part of the industry and Belkin countered that with snake oil marketing and somehow succeeded. The masses sure are ignorant, aren’t they!

      • ronch
      • 2 years ago

      Well, in this day and age everything is hyped all the way to Mars. They need to make you feel that their product is the absolute best and you really REALLY need it!! So while Belkin may have been guilty of it, they’re certainly not alone now.

      • rika13
      • 2 years ago

      I thought that was Monster Cable.

    • ronch
    • 2 years ago

    Whoa, Belkin owns Linksys? Last time I checked Linksys was a subsidiary/division of Cisco.

    Edit – I see Belkin acquired Linksys from Cisco 5 years ago, in March 2013. Guess I’m the last person on earth to know about this.

      • UberGerbil
      • 2 years ago

      Whenever I see Linksys I immediately remember Cisco got rid of them but I have to pause for a second to remember who bought them.

      • LostCat
      • 2 years ago

      I didn’t know either. Though I never cared about Linksys or Belkin so there’s that.

      • rika13
      • 2 years ago

      There is a Slipknot song named “People = Shit”. They really wanted to say Cisco but were afraid of their legal and marketing teams.

      Cisco probably dumped Linksys because their home routers were better than Cisco’s business routers. IOS XE fixes alot, but lots of the old school crap IOS stuff is still around.

      Crap UI (CLIs suck compared to quality GUIs, even Cisco pushes GUIs like CCM and ASDM), crap security (lets have everything in the same memory space, because hackers haven’t advanced since the 90’s), crap hardware (it’s a PowerMac from the 90’s, your cell phone running a router daemon would be like 4 cops beating up a helpless suspect), and crap physical security (let’s store our EVERYTHING on a CF card without any locks, just asking for a swap).

        • ronch
        • 2 years ago

        If Linksys routers were better than Cisco routers, why let someone else have Linksys technology?

    • shank15217
    • 2 years ago

    Belkin, the second most expensive cables in the industry.

      • wabbit
      • 2 years ago

      Is that a Monkey Island reference?

        • UberGerbil
        • 2 years ago

        I think it’s a Monster Cables reference.

          • meerkt
          • 2 years ago

          Surely no one beats AudioQuest.

        • meerkt
        • 2 years ago

        Or a reference related to The World’s Largest Ball of Twine.

          • LostCat
          • 2 years ago

          Hey HEY! …make fun of that all you like, I know I do.

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