Foxconn buys Belkin for $866M

#1

Post by Rifu » Tue, Mar 27, 2018, 1:34 AM UTC

Foxconn buys Belkin for $866M
techcrunch.com

Re: Foxconn buys Belkin for $866M

#2

Post by bhouston » Tue, Mar 27, 2018, 1:50 AM UTC

Neat. Belkin was pretty crap about 7 years or so ago but they raised their game I find in the last couple years. They are pretty solid with decent prices now.

I think there is a pretty good market for smart home accessories, various wifi enabled devices like powerstrips, lights, cameras, locks, alarm systems, etc. With Belkin's Walmart distribution network and their low costs, I think it may be something they could target well.

Re: Foxconn buys Belkin for $866M

#3

Post by luhn » Tue, Mar 27, 2018, 1:55 AM UTC

> You probably know Belkin for its various lines of accessories, peripherals, and assorted consumer electronics; Linksys, surely the most recognizable router brand, is a subsidiary.

Apparently Cisco sold Linksys to Belkin in 2013. That's news to me.

Re: Foxconn buys Belkin for $866M

#4

Post by siruncledrew » Tue, Mar 27, 2018, 1:57 AM UTC

Damn, I didn't know Foxconn was the 4th larges IT company with 726k employees: https://en.wikipedia.org/wiki/List_of_the_largest_informatio...

Re: Foxconn buys Belkin for $866M

#5

Post by spiderPig » Tue, Mar 27, 2018, 1:57 AM UTC

It is a little disconcerting that Foxconn (subject to deep Chinese government overreach) will now own Linksys

Re: Foxconn buys Belkin for $866M

#6

Post by ausjke » Tue, Mar 27, 2018, 1:59 AM UTC

foxconn makes routers for all the vendors I think, e.g. dlink.netgear,belkin...now Belkin might push its competitors away from Foxconn's assembly lines

Re: Foxconn buys Belkin for $866M

#7

Post by zitterbewegung » Tue, Mar 27, 2018, 2:00 AM UTC

spiderPig wrote: post #5

It is a little disconcerting that Foxconn (subject to deep Chinese government overreach) will now own Linksys

I stopped buying linksys products a long time ago. Moved on to Netgear and Asus.

But, doesn't Foxconn already manufacture a bunch of American products?

Re: Foxconn buys Belkin for $866M

#8

Post by ausjke » Tue, Mar 27, 2018, 2:02 AM UTC

zitterbewegung wrote: post #7

spiderPig wrote: post #5

It is a little disconcerting that Foxconn (subject to deep Chinese government overreach) will now own Linksys

I stopped buying linksys products a long time ago. Moved on to Netgear and Asus. But, doesn't Foxconn already manufacture a bunch of American products?

pretty much all of them except for some high end gears such as cisco routers...

Re: Foxconn buys Belkin for $866M

#9

Post by r00fus » Tue, Mar 27, 2018, 2:03 AM UTC

siruncledrew wrote: post #4

Damn, I didn't know Foxconn was the 4th larges IT company with 726k employees: https://en.wikipedia.org/wiki/List_of_the_largest_informatio...

726k is 4th ?

Re: Foxconn buys Belkin for $866M

#10

Post by yash1th » Tue, Mar 27, 2018, 2:06 AM UTC

r00fus wrote: post #9

siruncledrew wrote: post #4

Damn, I didn't know Foxconn was the 4th larges IT company with 726k employees: https://en.wikipedia.org/wiki/List_of_the_largest_informatio...

726k is 4th ?

ranked by revenue. By employee count, it is the largest