Foxconn Announces Purchase of Belkin, Wemo, and Linksys (androidpolice.com)
Foxconn, the Taiwan-based company best-known for manufacturing Apple products announced that one of its subsidiaries (Foxconn Interconnect Technology) is purchasing U.S.-based Belkin for $866 million in cash. "Belkin owns a number of major brands, including Linksys and Wemo," notes Android Police. From the report: 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. According to The Financial Times, the purchase is subject to approval from the U.S. Committee on Foreign Investment. In other words, there is a very real chance the acquisition could be blocked. President Trump blocked Broadcom's acquisition of Qualcomm earlier this month, based on advice from the committee.
Whupdidodah!
Then all the devices belong to you anyways
Nice.
too?
Because this is right up there with Broadcom buying Qualcomm, but at least in that case it would've been GCHQ, not Chinese intelligence with its fingers in the pie.
Unless he refutes it, maybe my initial assumption that both China and Russia flipped both Trump and Clinton will turn out to have been true...
Taiwan is not China. The gear is made on the mainland, sure, but it is an entire functioning country of its own (with quite a negative opinion of the Peopleâ(TM)s Republic). Thereâ(TM)s not a hell of a lot of difference between a Taiwanese firm making kit in China than a South Korean firm or a Japanese firm, or even a US brand, contracting out their build to China.
Yeah but Donald doesn't know that. He probably thinks Taiwan is just some large city inside "Cheeiiina", where they speak the ching chang chong language and grow illegal covfefe. #muguah
Iit suicides are just collateral.
TRUMP is surrounded by BUFFOONS! New Yorkers are idiots (Cohen and that fat ass running around the networks making all sorts of shit up)! It's so fucking ridiculous.
trump can just say must be made in the usa and then use that to win votes in WI
The Chinese are realising they don't need the Western middleman with the suit and tie, the slick haircut, the cheesy grin, the belly, the chauffeur, the glass of wine, the McMansion with his smooth talk about "going forward", "push the envelope", "move the goalposts" and "quid pro quo basis" in order to sell stuff to people living in the west.
Time was when the said parasitic Western middleman thought he was clever by closing the factory doors back home and moving production to China, but in the long term he was only the architect of his own demise, playing into the hands of the Chinese all along.
Unfortunately such is the scale of the problem of all these like-minded smooth-talking Western businessmen who have done absolutely f*ck all but attend meetings for since the late 1970s that the populations of the US of A, Ireland, UK and pretty much the rest of Europe and North America as well have become utterly inept at making basic provisions for everyday life and are completely dependent on the Chinese for simple things like 10k through-hole resistors, matches, cotton wool buds and have therefore set the stage to allow the Chinese to come into all these countries to buy their remaining successful businesses, natural resources and real estate just so the white middle-aged smooth talking businessmen with their talk about key performance indicators can sit and their arse and do nothing for another decade or so.
Those millions China gave to the Clinton Foundation to help get her elected would have paid off big time with this and the Broadcom acquisitions.
Are they even selling it? Why?
Chinese weak IP laws let them copy our stuff and there owner ship rules make it so that they own 51% of your ideas when you turn to them for cheap labor
The Belkin Linksys was another product as evidently they kept some rights to the name after they sold Linksys to Cisco.
No Foxconn did not buy Cisco.
goals I peRsonalDly
Are you sure. No supporter of the Trump but he does seem to know what Taiwan is. It's not two weeks since he signed the US-Taiwan travel bill. Then there is the whole Trump-Tsai call and random threats to recognize Taiwan as a separate entity.
There is the fact that they can threaten foreign businesspeople on their soil with 20+ years in a Chinese prison for bogus charges until they sign their business's rights away to the local Chinese firm (which has to have 51% control, and where the Chinese government is part of the company board.)
Imagine if the US demanded someone from the CIA, ICE, or DHS be at every company meeting for every local firm. That's what it is like in China.
It would be completely irresponsible to let this sale go through. Sounds just like something the Trump administration will support.
Trump is many things, but stupid is not one of them.
I trust him about as much as I trust Hillary, which is not at all, but neither was or is stupid.
Now Foxconn can make $2 USB cables, put them in Belkin boxes that claim that they're "low distortion", and sell them for $50 each. They'll pocket $48 in pure profit.
This was inevitable. Technology firms outsource their manufacturing to CheapChinese(tm) fabs like Foxconn, who then gleefully steal their customers' IP and use it in knockoff products. Now with all the money in their hands, they simply buy out the middle man. Now they *are* the companies whose IP they stole. Belkin, Wemo, and Linksys might as well be Huawei.
Tired of FB/Google censorship? Visit UNCENSORED!
America has never followed international laws when it didn't suit them, yet Americans appear to expect other nations to follow their retarded domestic laws.
You ever notice that really crappy companies that make garbage quality products always merge and buy each other? Atheros, Marvel, AOL, Foxconn, Belkin, Linksys, etc.
Trump is many things, but stupid is not one of them.
Smart is also not one of them.
so one mis-tweet could easily exacerbate the political situation further.
I'm going to throw in the towel now then.
“Common sense is not so common.” — Voltaire
It's called American Exceptionalism. Look it up. Even if you don't believe in it, many Americans behave as if they do believe in it. And belief can have a real impact on the world.
“Common sense is not so common.” — Voltaire
crappy bug laden products are now going to be even crappier bug laden products.