TAIPEI, TAIWAN – Foxconn Interconnect Technology Limited (FIT), an affiliate of Taiwanese electronics manufacturer Foxconn, has agreed to acquire Belkin International for $866 million The deal brings Belkin and its subsidiary brands, Linksys, Wemo and Phyn, under FIT’s ownership, marking a shift into consumer-facing accessories, networking and smart home products.

The acquisition represents the first major move by FIT into operating established consumer brands, following a history focused on manufacturing and interconnect solutions. While the agreement has been signed, the transaction remains subject to approval by the US Committee on Foreign Investment, a process that has drawn heightened scrutiny following the US government’s prior intervention in high-profile semiconductor and technology mergers.

Belkin founder and CEO Chet Pipkin will continue to lead the company, which will operate as a subsidiary of FIT following the transaction. “This move will accelerate our vision of delivering technology that makes the lives of people around the world better, more convenient and more fulfilling,” Pipkin said. He added that the transaction provides access to additional manufacturing resources and capital to support operational efficiency and future investment.

FIT CEO Sidney Lu said the acquisition would expand the company’s reach in consumer electronics. “Integrating Belkin's best-in-class capabilities and solutions into FIT, we expect to enrich our portfolio of premium consumer products and accelerate our penetration into the smart home,” Lu said.

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