Eyeing Smart-Home and IoT, Foxconn Acquires Linksys, Belkin, Wemo and Phyn Brands
Aiming to tap into the smart home market, Taiwanese giant Foxconn Interconnect Technology buys Belkin Int'l, including Belkin wiring/power, Linksys networking, Wemo IoT and Phyn water-management brands, for $866 million.