Foxconn buys Belkin for $1bn

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Foxconn buys Belkin for $1bn

Diversification to prevent over-reliance on Apple.

Chinese manufacturing giant Foxconn has made an agreement to purchase wi-fi, networking and accessories company Belkin for US$866 million (A$1 billion), further diversifying its portfolio outside of supply chain services. Foxconn is one of the world's biggest electronics manufacturers, and ...

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