Foxconn Buys Belkin, Wemo, and Linksys…. IF Trump Allows It

Foxconn, the company best-known for manufacturing Apple iPhones among other Apple devices has announced that one of its subsidiaries, Foxconn Interconnect Technology, is purchasing U.S.-based Belkin for $866 million in cash.

But there’s a catch. 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. Seeing as The Trump Administration has blocked other attempts of foreign companies to buy US companies, this has the very real possibility of being shot out of the sky very quickly. Thus I would suggest watching this space to see what happens. It won’t take long to see what happens next I assure you.

 

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