Foxconn, best known for manufacturing practically everything in the world, has just announced the purchase of Belkin, the PC peripherals company, for $866 million in cash. That certainly makes it one of the larger consumer electronics acquisitions in recent memory.
Foxconn, AKA Hon Hai Precision Industry, AKA the company that made your iPhone, is working with digital cinema pioneer RED to create affordable 8K cameras, the company announced. Chairman Terry Gou told reporters in Taipei, the Nikkei’s amo…
The political press ate it up, alternatively excoriating the program for costing too much in tax breaks and crowing a win for Wisconsin’s conservative governor, Scott Walker. I wouldn’t encourage either party to hold their breath. Gou is in the habit of promising big and rarely delivering. Four years ago business journals crowed about a plan to bring a Foxconn flat screen… Read More
President Donald Trump surprised everyone yesterday when he told the Wall Street Journal that Apple CEO Tim Cook told him Apple would build three factories in the U.S. It’s worth quoting Trump on this one: “I spoke to [Tim Cook], he’s promised me three big plants — big, big, big,” he told the WSJ. “I said you know, Tim, unless you start building your plants… Read More