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Foxconn to Acquire Belkin International (Linksys)

posted by Fnord666 on Tuesday March 27 2018, @01:21PM   Printer-friendly
from the don't-jump-to-conclusions dept.

takyon writes:

Foxconn is attempting to acquire the consumer electronics and networking manufacturer Belkin International, which owns the Linksys and Wemo brands. However, the deal could be rejected by the U.S. Committee on Foreign Investment:

The Taiwanese company known best for manufacturing iPhones, Foxconn, will soon be the company behind some of the best known routers and other computer accessories. A subsidiary of Foxconn, Foxconn Interconnect Technology, announced today that it would acquire Belkin, which also owns the brands Linksys and Wemo.

[...] Foxconn will pay $866 million in cash to acquire Belkin. The Financial Times notes that the purchase should be subject to approval from the US Committee on Foreign Investment, meaning it isn't a done deal just yet. Given that there have been other high profile foreign acquisitions shut down under the Trump administration, one shouldn't consider this purchase safe — especially since it involves networking equipment. That said, Foxconn has pledged to build a $10 billion factory in Wisconsin, which could help it stay on the administration's good side.

Also at Bloomberg and 9to5Mac.

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  • (Score: 0) by Anonymous Coward on Tuesday March 27 2018, @02:41PM (2 children)

    by Anonymous Coward on Tuesday March 27 2018, @02:41PM (#658988)

    Linksys products though look good, like WRT1900ac and WRT3200ac. the software sucked. You where required to use the cloud to sign in or configure. At the same time they claimed OpenWRT support (since OS was OpenWRT based) but blocked OpenWRT from getting a good version working.

    Just maybe Foxconn, will see that support will will make a brand good if not great again.

  • (Score: 0) by Anonymous Coward on Tuesday March 27 2018, @02:49PM (1 child)

    by Anonymous Coward on Tuesday March 27 2018, @02:49PM (#658993)

    I think you are dreaming, Foxconn is from the i-world of Apple where everything is locked down.

    • (Score: 2) by insanumingenium on Tuesday March 27 2018, @04:59PM

      by insanumingenium (4824) on Tuesday March 27 2018, @04:59PM (#659044) Journal
      You have that relationship backwards. Foxconn doesn't make Apple lock things down, Apple makes Foxconn lock things down.

      Foxconn being a huge manufacturer/ODM I would be surprised is they didn't already manufacture at least a portion of the Belkin/Linksys product line already. What they are buying is a respected American brand name to sell their products under.

      That said, I don't think this means we are going to see the comeback for the WRT-54G, but it isn't because Foxconn are secrecy fanatics, rather because of all the other reasons why we don't see more open-source friendly hardware already.