[doublepost=1522121619][/doublepost]Question is 'what are Foxconns plans for these companies. Most of their accessories were good hopefully they'll improve.
Foxconn is best known as an Apple supplier that assembles Apple's devices and supplies components to the Cupertino-based company, but as of today, it's taking over a major Apple acces
The acquisition will allow Foxconn Interconnect Technology to "further tap into premium accessories and the smart home market." The deal is also expected to expand Belkin's presence both in the United States and "key markets globally."Under the Belkin brand, Belkin offers a wide range of iPhone, iPad, and Apple Watch cases, cables, adapters, wireless chargers, and more, while the Wemo brand offers HomeKit-compatible home automation devices. Through Linksys, Belkin sells wireless routers and similar accessories, and the Phyn brand offers a smart water assistant for monitoring for leaks.
One of Belkin's recently introduced wireless charging accessories
All of the Belkin-owned brands will continue to operate as subsidiaries under Foxconn Interconnect Technology.
Article Link: Foxconn Acquires Popular Accessory Maker Belkin Along With Linksys and Wemo
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Foxconn Acquires Popular Accessory Maker Belkin Along With Linksys and Wemo
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I would’ve thought Belkin—who I did not know owned Linksys or Wemo (or Phyne for that matter, but apparently they are very small)—would be worth well over $866 million.
I thought Cisco still owned Linksys, that’s how out of the loop I am lol.
I thought Cisco still owned Linksys, that’s how out of the loop I am lol.
Of course most electronic devices today are made in China/Taiwan... but now it seems that many networking companies are now owned by Chinese/Taiwanese companies.
Belkin, Linksys, D-Link, TP-Link, etc.
I personally don't have a problem with it... but it's an interesting development.
Belkin, Linksys, D-Link, TP-Link, etc.
I personally don't have a problem with it... but it's an interesting development.
Basically all of the products were already being manufactured in China, likely by Foxconn.
Sadly, there is little for any of us to do in order to prevent that from happening.
The world has relied on China too much and from my experience in dealing with them, they gave me the impression that they are not a grateful bunch and will betray anybody without thinking twice.
Wemo suppots HomeKit now using $39 home bridge. I bought one last month and all my Wemo devices are HomeKit enabled now.
I wonder if Foxconn will feed future designs into Belkin "accidentally" so Belkin can get a jumpstart on the competition?
A Taiwanese company is also a Chinese company. Taiwan is the somewhat informal name of the Republic of China (the formal name). They just don’t want to be part of the (communist ruled) People’s Republic of China, which informally is referred as “mainland China”.
Also FIT which is the subsidiary who are buying Belkin, has its head office in Hong Kong and registered as a Cayman Island Limited company.
Also FIT which is the subsidiary who are buying Belkin, has its head office in Hong Kong and registered as a Cayman Island Limited company.
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Only business Foxconn will derive from this deal is nostalgia sales most likely
Unless their product development continues
“Formal” and “informal” names aside, they are 2 separate self-governing governments each with different currencies, presidents, and ties to the US government. So I think it’s a bit simplistic to say a Taiwanese company is also a Chinese company.
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Lot of people on here thinking this will lead to lots of new Apple-specific products - just because Foxconn builds stuff for Apple (and for many other companies too) doesn’t mean it has any different a relationship with Apple than Belkin already did.
Foxconn is probably now too large, diversified and proficient with specific know how to be set aside but being a contract manufacturer is an harsh business with little value.
As the Imagination Technologies affair shows being set aside can have a tremendous effect. And weren't even a contractor, they provided IP.
So it is more than expected that Foxconn would want to establish a direct relation with customers and go were the margins are. In time they will probably scoop other household brands
As the Imagination Technologies affair shows being set aside can have a tremendous effect. And weren't even a contractor, they provided IP.
So it is more than expected that Foxconn would want to establish a direct relation with customers and go were the margins are. In time they will probably scoop other household brands
So, Foxconn is changing from a electronics contract manufacturing company to end consumer products. Acquired Sharp in 2016 and now Belkin. With Linksys they are now directly competing with Cisco who is among their customers. What's next? Phones, laptops, tablets after they've learned how to build them for years?
Otherwise this acquisition doesn't effect me. I stopped buying Linksys many years ago and mostly had negative experiences with Belkin products.
Otherwise this acquisition doesn't effect me. I stopped buying Linksys many years ago and mostly had negative experiences with Belkin products.
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Not so sure about that. Your access point to the internet and the data that flows through it is very much a national security issue. That’s why the US blocked Qualcomm buying Broadcom (5G cellular).
I don’t believe that this is a stable distinction.
Botnets? Backdoors? I would consider those huge concerns.
But that said, I think Foxconn won't jeopardize themselves by playing in that playground. They've got too much to lose. Or am I being too nice?
Whatever else one might have to say about this deal, Foxconn most definitely does make the kind of products Belkin sells. All of them. Those products might not be branded "Foxconn", and they may not have designed them, but the company makes some of virtually every technological device in existence.
In fact, it's fairly likely that Foxconn already manufactured most of what Belkin sells.
Now, there's quite a difference between being a contract manufacturer for half the world's technology and owning the company that produces it, but as Foxconn buys up more companies for the design and licensing end of production (which they're clearly doing more and more), they're positioned to become a Samsung equivalent, if not bigger--not only do they make their own stuff, but most of their competitors' products, too.