The story
While attending UCLA, Chet Pipkin, who was spending his time in local computer shops, saw the growing need for cables that would connect personal computers to new printers being released for home use. In the early 1980s, Chet Pipkin founded Belkin in his parents' home in Hawthorne, California, to manufacture computer cables for the new personal computer and tech accessory market. Pipkin began to sell computer-to-printer cables to local computer shops. As Pipkin's cable connector sales grew in Southern California, he recruited assembly help from his machinist father, brother, and a handful of friends. In 1982, Pipkin left his university studies to focus on expanding the business.
On January 1, 1983, Pipkin moved into a professional workplace and hired his first full-time employees. Belkin performed its cable manufacturing in the United States, which gave the company a fast turnaround for customers. In 1985, in addition to U.S. manufacturing, Belkin began contracting Asian factories to increase production for a global market. In the 1990s, Belkin added surge protectors and USB storage devices to its product line. In the early 2000s, Belkin expanded its product line to accommodate smartphone and tablet users with hardware accessories including chargers and connector cables.
In 2012, Belkin launched the WeMo brand to produce smart home products. In March 2013, Belkin acquired Cisco Systems' Home Networking Business Unit, including the Linksys brand and product line. By 2015 the company had 1,350 employees and sales of more than $1 billion. In 2016, Belkin, in a joint venture with water solutions company Uponor, formed Phyn, a home water management tech brand. In September 2018, Belkin was purchased by Foxconn Interconnect Technology, a Taiwanese multinational electronics firm and the largest provider of electronics manufacturing services, for $866 million. Belkin now operates as an independent subsidiary, and the Linksys business is a separate subsidiary of Foxconn Interconnect Technology and Fortinet.
In January 2021, Pipkin stepped down from his role as CEO of Belkin to become the Executive Chairman of the Board. Senior Vice President and General Manager Steve Malony was announced as the new CEO.
From Wikipedia’s article on Belkin, shared under CC BY-SA 4.0.3