There is an offer on the table for Belkin worth $866m, being made by a Foxconn subsidiary. You might think of Belkin solely as a provide of mobile phone accessories and a smattering of wireless devices, however they also own Linksys and the smart home device provider Wemo, which makes this deal bigger than you might have thought. Belkin is a US based company so this purchase will face the same hurdle as Broadcom faced when it attempted to purchase Qualcomm earlier this year. Slashdot has links for more information, though the Financial Times still resides behind a paywall.
"The buyout would make Foxconn a major player in consumer electronics, instead of just a contract manufacturing company. Belkin primarily sells phone/tablet accessories, but also manufactures networking equipment like routers and Wi-Fi range extenders. The company also sells a range of smart home products under the Wemo brand"
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Trump needs to block this.
Trump needs to block this. Foxconn is one of the most evil companies on Earth.
Why would the US Balk over an
Why would the US Balk over an OEM that’s really not a valuable IP holder. WTF is with the “Technology” Press and can they even be d i c k e d to do any proper research!
Slashdot is not really going to be considered a reputable entity by its peers or the real press. Bellkin is just a maker of overpriced accessory tat and not some strategic holder of any national security levels of important Technology IP.
Really this sort of spin on a company of Bellkin’s caliber(Overpriced-Tat Bazaar level) and such an example of egregiously Daft reporting by Slashdot in the most ClickBait of fashon.
How do we even know if the majority of Belkin’s wares are not already sub-contracted out to Foxconn or other similarly located company. Maybe it’s Foxconn’s Vietnam facilities, the labor rates are lower there than in China.
RealExascale with that ExoFlops levels of Xen-O-Phobia we have when we all Know Where the majoriry of Belkin’s too costly for the build quality Tat already originates from in the first place.
P O T U S “needs to block this” Really That’s more like F o x-N e w s than Foxconn and Tinkle-Man’s/Family’s business intrests do make use of sub-contractors like Foxxconn for their overpriced for the quality Inported Tat also.
That S filter is more like a party official with what sets off the flags lately.
That title looks like the
That title looks like the lyrics of a bad country song.
Jeremy, have you been listening to top country 40 countdown again?
if this goes through, ill
if this goes through, ill never buy another belkin item ever!
As if everything Belken you
As if everything Belken you currently will buy is already made somewhere else and not in the US already. The Robots are the only thing that can bring the factories back to the US and the cost of Robot labor becoming a non factror relative to the cost of shipping. Where does the current Belkin get its Tat made is the question and that more than likely is already Foxconn/other Company’s non US based location using Foxconn’s/Other’s Robots where possible and Vietnamese workers for any production not yet automated.
Chinese labor costs are a bit too high for Foxconn if the OEMs want to sell to the Chinese market then the better way in Robots and Vietnamese workers for getting it done lower cost to sell at higher markup in China and even higher markup in the US/European markets.
Other than overproced
Other than overproced accessories of questionable quality and minor home “automation” system brand, the only thing that I hope Foxconn doesn’t screw up (assuming this goes through) is WRT1200/1900/3200 lineup. Pricy but really great and powerful OpenWrt compatible hardware.