Cables, chargers, charging docks… From now on, the company will be part of Foxconn as a subsidiary. Apple’s largest assembler has taken over the company and all its sub-brands for $866 million.
In a joint announcement between Foxconm Interconnect Technology and Belkin, they have publicly revealed the movement. According to Foxconn’s CEO:
Belkin has an important history behind it. Founded in California more than three decades ago, the company became popular for its quality peripherals during the computer boom. Subsequently, with the arrival of the iPod and the following iOS devices, it has made an important name in the Apple community. The company also owns the brands Linksys (networking products), Phyn and Wemo (intelligent home automation products), which will now also be part of Foxconn.
How will it affect the user? In principle, nothing, since according to the agreement reached, Belkin and the other acquired brands will continue to operate independently as subsidiaries of Foxconn. Its current CEO, Chet Pipkin, will remain in charge and will also join Foxconn’s management team during this year.
Although it is difficult for this to happen, prices of Belkin accessories (or at least some of them) may be reduced slightly. Being part of a larger company can reduce manufacturing costs. On the other hand, we are likely to see a boom in new products in the coming months, again because of the capital received and the manufacturing capacities available to them from now on.