DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!
   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
DarkVision Hardware - Daily tech news
May 21, 2019 
Main Menu
News archives

Who's Online
There are currently 79 people online.


Latest Reviews
Ewin Racing Flash gaming chair
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset

Follow us

Foxconn buys Belkin for $866 million

Posted on Tuesday, March 27 2018 @ 13:14:40 CEST by

Foxconn logo
Taiwanese electronics manufacturing giant Foxconn announced the acquisition of Belkin International. For a total of $866 million, Foxconn got its hands on the Belkin, Linksys, Wemo, and Phyn brands. Additionally, Foxconn also acquires over 700 patents.
"FIT is excited to acquire Belkin and its capabilities in the premium consumer products space," said Sidney Lu, CEO of Foxconn Interconnect Technology (FIT), in a statement released late Monday evening. "Integrating Belkin’s best-in-class capabilities and solutions into FIT, we expect to enrich our portfolio of premium consumer products and accelerate our penetration into the smart home."
ARS Technica reports the deal will need approval by the Treasury Department's Committee on Foreign Investment in the United States.

If the deal goes through, it will be the third time the Linksys brand exchanges hands this century. Cisco bought Linksys in 2003 and sold it to Belkin in 2013.



DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2019 DM Media Group bvba