
Belkin is owned by Foxconn Interconnect Technology Limited (FIT Hon Teng), a publicly traded company listed on the Hong Kong Stock Exchange under ticker 6088. FIT acquired Belkin in September 2018 for approximately $866 million. Belkin was founded in 1983 by Chet Pipkin in Playa Vista, California, where it remains headquartered. The brand operates as a subsidiary, producing KVM switches, networking accessories, and mobile accessories.
Parent Company
FIT Hon Teng Limited
Acquired
2018
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Belkin | FIT Hon Teng Limited | Subsidiary |
Chet Pipkin founded Belkin in the early 1980s while attending UCLA. He noticed that personal computer buyers needed cables to connect their new machines to printers, a gap that major manufacturers had not addressed. Pipkin began manufacturing computer-to-printer cables from his parents' home in Hawthorne, California, selling them to local computer shops. He recruited his machinist father, his brother, and a handful of friends to help with assembly.
On January 1, 1983, Pipkin moved into a professional workspace and hired his first full-time employees. This date marks the formal founding of Belkin. The company initially manufactured all cables in the United States, which gave it a fast turnaround advantage over competitors relying on overseas production. In 1985, Belkin began contracting Asian factories to supplement its US manufacturing capacity and meet growing global demand.
Through the 1990s, Belkin expanded beyond cables. The company added surge protectors, USB storage devices, and a broader range of connectivity products. The rise of USB as a universal standard created new demand for adapters, hubs, and cables, which Belkin was positioned to supply. The company built a distribution network through retail channels, placing its products on shelves at major electronics retailers.
In the early 2000s, Belkin shifted toward mobile accessories as smartphones and tablets gained mass adoption. The company produced chargers, connector cables, cases, and screen protectors for Apple and Android devices. This category became a major revenue driver as mobile device sales surged. By 2015, Belkin had approximately 1,350 employees and sales exceeding $1 billion.
Belkin expanded into smart home technology in 2012 with the launch of the Wemo brand, which produced connected plugs, light switches, and other home automation devices. In March 2013, Belkin acquired Cisco Systems' Home Networking Business Unit, including the Linksys brand and product line. The Linksys acquisition added routers and networking hardware to Belkin's portfolio. In 2016, Belkin formed a joint venture with Uponor, a Finnish water solutions company, to create Phyn, a smart water management brand.
A separate and significant business line is Belkin's secure KVM switch division. Belkin introduced its first secure KVM switches for government and military applications in 2006. These products are designed to meet National Information Assurance Partnership (NIAP) Protection Profile for Peripheral Sharing Devices (PSD) 4.0 standards, which require isolated data paths, optical data diodes, and active anti-tamper mechanisms. Belkin's secure KVMs are manufactured and assembled in the United States and are TAA-compliant, making them eligible for US government procurement. The product line includes the Universal Secure KVM series, the Modular Secure KVM/KM series, and the IsoClave RED/BLACK SKVM series for TEMPEST-level isolation requirements.
On March 26, 2018, Foxconn Interconnect Technology announced its agreement to acquire Belkin International for approximately $866 million in cash. The deal closed in September 2018. At the time of acquisition, Belkin reported approximately $780 million in annual sales with earnings of $4.7 million, reflecting a thin margin of 0.6%. FIT viewed the acquisition as a strategic move to enter consumer electronics branding and the smart home market, leveraging Belkin's brand recognition, distribution channels, and software capabilities.
After the acquisition, Belkin continued operating under its own brand within the FIT structure. In January 2021, Pipkin stepped down as CEO and became Executive Chairman. Steve Malony, previously Senior Vice President and General Manager, was appointed CEO. As of 2026, Belkin employs approximately 674 people and generates an estimated $850 million in annual revenue. The company operates in 11 countries with workforce distributed across 36 countries.
What does FIT Hon Teng own?
FIT Hon Teng owns four consumer electronics brands acquired through its 2018 purchase of Belkin International: Belkin (mobile accessories and secure KVM switches), Linksys (Wi-Fi networking), Wemo (smart home automation), and Phyn (smart water management). The company also operates a large OEM connector and component manufacturing business that serves smartphone, computing, networking, and EV mobility markets.
Is FIT Hon Teng publicly traded?
Yes. FIT Hon Teng Limited is listed on the Hong Kong Stock Exchange under stock code 6088. The company's shares began trading on July 13, 2017. FIT reported revenue of US$4.45 billion in fiscal year 2024. The ultimate holding company, Hon Hai Precision Industry (Foxconn), is separately listed on the Taiwan Stock Exchange under ticker 2317.
Who founded FIT Hon Teng?
FIT Hon Teng was spun off from Hon Hai Precision Industry Co., Ltd. (Foxconn) on April 8, 2013, as a separately incorporated entity in the Cayman Islands. The company's interconnect technology business traces back to the early 1980s, when Hon Hai entered the connector and cable assembly industry. CEO Sidney Lu has led FIT since the spin-off, having previously managed Hon Hai's interconnect technology business group.
Where is FIT Hon Teng based?
FIT Hon Teng is incorporated in the Cayman Islands and operates as a non-Hong Kong company registered under the Hong Kong Companies Ordinance. The company's operational base is in Taiwan, where parent company Hon Hai Precision Industry is headquartered in New Taipei City. FIT operates manufacturing sites and offices across Asia, the Americas, Europe, and North Africa, with major facilities in China, Taiwan, and Vietnam.
How many brands does FIT Hon Teng own?
FIT Hon Teng owns four consumer electronics brands: Belkin, Linksys, Wemo, and Phyn. All four were acquired through the September 2018 purchase of Belkin International for approximately $866 million. FIT's core business also includes OEM connector and component manufacturing, but this is a component supply business rather than a consumer brand portfolio.
What is FIT Hon Teng's revenue?
FIT Hon Teng reported revenue of US$4.45 billion in fiscal year 2024, up 6.1% from US$4.20 billion in 2023. Gross profit was US$879 million with a gross profit margin of 19.7%. Profit attributable to owners was US$154 million, up 19.1% from the prior year. The company's fiscal year runs from January to December, and results are reported in US dollars.
Is FIT Hon Teng part of Foxconn?
Yes. FIT Hon Teng is a subsidiary of Hon Hai Precision Industry Co., Ltd., the Taiwanese contract manufacturing giant commonly known as Foxconn. The immediate holding company is Foxconn (Far East) Limited, a wholly owned subsidiary of Hon Hai. FIT was spun off from Hon Hai's connector business in 2013 and listed on the Hong Kong Stock Exchange in 2017, but it remains part of the Foxconn group.
What is the Belkin acquisition?
FIT acquired Belkin International, Inc. in September 2018 for approximately $866 million in cash. Belkin was a privately held American consumer electronics company founded in 1983 by Chet Pipkin, with brands including Belkin, Linksys, Wemo, and Phyn. The acquisition gave FIT established consumer brands, retail distribution channels, and software capabilities. Belkin operates as a subsidiary within the FIT structure, with Steve Malony as CEO and Chet Pipkin as Executive Chairman.
Belkin's secure KVM products are manufactured in the United States, which supports domestic manufacturing and TAA compliance requirements. The company does not publish a standalone sustainability report. As a subsidiary of FIT Hon Teng, Belkin's sustainability efforts are integrated into FIT's ESG reporting, which covers environmental protection expenditures, employee relations, and occupational health and safety.
FIT's 2018 ESG report noted that Belkin International brought established ESG practices into the FIT group. FIT employs approximately 61,720 people and reports on environmental protection expenditures, employee training programs, and occupational health and safety across its manufacturing operations in China, Taiwan, and Vietnam.
Belkin is not a Certified B Corporation. The company has not publicly disclosed specific carbon neutrality targets or science-based emissions reduction commitments as a standalone brand. Its consumer accessories are subject to standard electronics industry environmental regulations including RoHS and WEEE compliance.
Belkin has experienced product recalls typical of consumer electronics manufacturers. In 2003, the company recalled approximately 87,000 laptop battery packs sold under the Belkin brand due to fire hazard risks. The recall was conducted in cooperation with the US Consumer Product Safety Commission (CPSC). No injuries were reported, and Belkin offered replacements to affected customers.
In 2011, Belkin recalled approximately 1,280 SurgePlus surge protectors due to a fire hazard. The affected units could overheat and pose a fire risk. The CPSC recall was issued in cooperation with Belkin, which offered free replacements.
The 2018 acquisition by FIT drew some scrutiny from US regulators due to Foxconn's status as a Taiwan-based manufacturer with significant operations in China. The Committee on Foreign Investment in the United States (CFIUS) reviewed the transaction. The deal proceeded without conditions, as Belkin's consumer electronics business did not involve sensitive technology requiring restrictions. The acquisition was completed in September 2018.
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