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takyon [soylentnews.org] writes:

Foxconn [wikipedia.org] is attempting to acquire [theverge.com] the consumer electronics and networking manufacturer Belkin International [wikipedia.org], 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 [belkin.com] 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 [ft.com] 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 [theverge.com], 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 [theverge.com], which could help it stay on the administration's good side.

Also at Bloomberg [bloomberg.com] and 9to5Mac [9to5mac.com].

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