Foxconn increasing its Products Portfolio

Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group, is a Taiwanese multinational electronics contract manufacturing company, headquartered in Tucheng.

Popularly known as Foxconn has agreed to buy Los Angeles-based Belkin International for $866 million in cash. With this FIT is a subsidiary of Hon Hai Precision Industry Co., the parent company behind the Foxconn brand. Belkin is known for having a broad range of device connectivity and power products under the Belkin, Linksys, Wemo and Phyn brands. With this we expect to enrich our portfolio of premium consumer products and accelerate our penetration into the smart home by leveraging Belkin’s research and development capabilities and consumer insights operations.

The deal is also a continuation of Foxconn’s movement away from being primarily a contract manufacturer for companies like Apple and towards one that has brands of its own....Read More

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