All Brands Owned by FIT Hon Teng Limited

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.