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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.
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.
Formosa. Former British colony. Until 1999
Another proud product of the US educational System, having no shame in showing their knowledge to the world.
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.
You're thinking of Hong Kong; Taiwan/Formosa's statehood is complex, but it's essentially been an autonomous nation since 1912. The key point here though is that the ROC is an entirely separate entity to the PRC on the mainland so it's not *quite* the same as the blocked Broadcom takeover of Qualcomm. Going to be interesting to see how Trump handles this given the whole "One China Policy" though; the RPC Chinese are already sensitive about the trade issues, so one mis-tweet could easily exacerbate the political situation further.
UNIX? They're not even circumcised! Savages!
Well, no, not really. It was autonomous until the Qing dynasty annexed it in the 19th century. It was ceded to Japan in 1895, who ruled it as a colony until 1945. It was then given to the then ruling government of China, the Republic of China (which was indeed founded in 1912 with the fall of the Qing). When the ROC was defeated by the communists in the Chinese Civil War in 1949, the ROC government fled to Taiwan where the communists couldn't get at them. For a long time, both the ROC and the communists claimed to be the legitimate government of all China and thus Taiwan was not classified as an independent nation; both sides agreed it was part of China. They just disagreed on who was the rightful rulers of China. Technically this is still the case, but in fact the ROC has not been terribly interested in claiming back China in decades. However, the communists react very violently to any suggestion that Taiwan establish itself as a independent country because they figure that as long as the argument is over who controls China they can't lose; Taiwan must eventually become theirs. Independence is a fight they could conceivably lose if they let the fight move to that ground.
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.
Oops, the Qing actually annexed Formosa/Taiwan in 1683. Sorry about that.
it's essentially been an autonomous nation since 1912.
Wrong. Taiwan was occupied by Japan from 1895 until 1945.
The key point here though is that the ROC is an entirely separate entity to the PRC
Both the ROC and PRC accept that there is "one China" and that Taiwan is an integral part of China, and each officially claims to represent all of China. The main difference is that the PRC recognizes the independence of Mongolia, while the ROC does not.
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
Yup...would be smart to block the sale.
Light travels faster than sound. This is why some people appear bright until you hear them speak.........
Already heading toward WWIII, so what difference does it make?
Axis Powers = China, Russia, Iran, Pakistan, Palestine, and various other nations in Africa and South America.
Allies Powers - America, Australia, Canada, UK, Europe, India, Israel, Saudi Arabia (tenuous at best), majority of the nations surrounding China in the Pacific. Yes, even throw in Mexico too.
Russia is exceptionally pissed, and China is willing to play chicken in a trade war. Only a matter of time before it all goes kinetic IMHO.
Life is not for the lazy.
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.
https://www.thesun.co.uk/news/...
Life is not for the lazy.
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.
I think you have that backwards. Belkin bought Linksys from Cisco in 2013.
It would be completely irresponsible to let this sale go through. Sounds just like something the Trump administration will support.
And Israel is the one true nation of Jerusalem, I suppose? Do you think maybe history is relevant?
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.
Shouldn't we ask the Taiwanese, rather than the others who wish to enslave them?? Just a thought.
You know, I can't really get myself worked up over this whole "Russia bought Trump" nonsense. Especially when the Establishment has given us nothing but Bushes and Clintons for 20 years.
Obama was an out-of the-blue manchurian candidate I don't think anyone expected.
> The US can't even attack North Korea, which would be WW3-lite. Loss of life wouldn't be the problem
Just an aside, the NorKs have enough artillery hidden in the mountains to burn Seoul to the ground, and we have very little in the way to stop it short of pre-emptively nuking them.
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.
That is why posting as AC is useful. I can post without facts getting in my way.
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.
When you think about it, the United States has a somewhat similar situation with Puerto Rico. The US government recognizes PR as a Commonwealth and part of the nation. The Puerto Rican government does acknowledge this, unlike Taiwan's government in relation to China. Some on the island want PR to become a full state; others desire independence. Right now, I think everyone on the island just wants electricity. At least Taiwan has that.
Baja California is part of California, and Trump should invade.
“Common sense is not so common.” — Voltaire
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
" Former British colony. Until 1999."
American education fail right there.
I don't know why the country with the worst grasp of geography and political history is in charge of running the world.
“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.
2013 called, they want their Belkin purchase of Linksys back.
I was just going to say: This is what touches off World War 3. Aside from that I think the US should lay claim to Taiwan in cooperation with Taiwan (behind the scenes) to put pressure on China and strengthen relations with Taiwan as a trade partner--as a hedge against China.
I object to power without constructive purpose. --Spock