Taiwanese hardware manufacturer Foxconn, which is contracted by Apple to make its iPhones, has agreed to acquire accessory firm Belkin and its associated brands, Linksys, and Wemo for $866 million in cash, by way of a merger. That’s a huge move for Foxconn as this is the first time in its 44 years of existence that it’s venturing into owning and operating consumer-facing brands. The plan with its new buy is to grow into a smart home gadgets powerhouse, and it seems like a natural progression for the three brands it’s now acquired. California-based Belkin has been in the business…
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