What To Know About Foxconn And Belkin
Global manufacturing powerhouse Foxconn unveiled plans on Tuesday to acquire Belkin for $866 million, a move aimed at capitalizing on the synergies between the two vendors.
"This move will accelerate our vision of delivering technology that makes the lives of people around the world better, more convenient and more fulfilling," said Belkin CEO and founder Chet Pipkin, in a statement. Both Los Angeles, Calif.-based Belkin and Taiwan-based Foxconn has a long history in the technology world and currently sells a wide variety of solutions across the globe -- from Internet of Things products to antennas and cables.
Here are eight things you need to know about Foxconn's planned acquisition of Belkin.