Foxconn founder Terry Gou resigns from company's board, will contest presidential election as independent
Foxconn founder Terry Gou has decided to run as an independent candidate for president in Taiwan. Foxconn was founded on his behalf 50 years ago. Foxconn is a major parts supplier of the American company Apple. Foxconn is headquartered in Taiwan and most of the company's manufacturing units are in China.
Terry Gou, an independent presidential candidate in Taiwan, has resigned from the board of Foxconn. Foxconn is a major parts supplier of the American company Apple. It was established about 50 years ago on behalf of Gau.
The company was established and officially registered as Hon Hai Precision Industry Co., Ltd. A press release was issued by the company saying that Gau had resigned from the board due to personal reasons.
In a press release issued by the company, it was said that Gou's departure would not have any impact on Foxconn's operations. Foxconn is among the largest technology companies in the world. In 2023, the company was ranked 20th in the Fortune Global 500.
Foxconn is headquartered in Taiwan and most of the company's manufacturing units are in China. However, now the company is shifting its manufacturing to countries like India due to the dispute with China. Most of the company's work is related to the manufacturing of other products along with Apple's iPhone.
On 28 August, putting an end to the speculation, Gou announced that he was going to contest the election of the President of Taiwan as an independent. Also, in this press conference, Gou accused the ruling party Democratic Progressive Party that because of them, Taiwan is standing on the verge of war with China today. Apart from this, he said that he would not allow Taiwan to become the next Ukraine. Gou is said to have links to the opposition National Party, considered close to China.
