For Foxconn, everybody's impression may still be Apple's foundry, or standing behind the Sharp company. But today, Foxconn officially announced that it will formally enter the network equipment and accessories market. Foxconn's Internet technology subsidiary in today Released the news, said it will acquire California company Belkin. Belkin is a 35-year-old computer and mobile phone accessories company, its product category includes wireless chargers, laptop docking stations, and mobile phone protection sets and so on.
In 2013, Belkin acquired the router brand Linksys. At the same time, Belkin also owns the smart home company Wemo, which can provide home intelligence system solutions.
It is understood that Foxconn spent US$866 million for this acquisition. Although Foxconn had previously acquired Sharp, this acquisition still reveals a key turning point in the development of Foxconn. Foxconn no longer only depends on limited business, but We hope to get rid of the dependence on the iPhone and other businesses, and develop to more levels.
Previously, Foxconn had acquired Sharp, further highlighting its advantages in the panel area. This acquisition of Belkin indicates that Foxconn will continue to transition from the OEM factory to the independent consumer brand.
Currently, if Foxconn wants to acquire Belkin, it needs to be approved by the Foreign Investment Committee of the United States. Therefore, the current purchase case has not yet been completed. Recently, the US government has strict management over the acquisition of overseas companies. Whether this acquisition can be successfully completed may not yet exist. Conclusion.
At present, Foxconn’s largest turnover still comes from the iPhone. If this acquisition is successful, Foxconn will be more likely to get rid of Apple’s dependence. How do you think about this?
