Foxconn's Gou says may run for Taiwan president, step back from daily business

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Foxconn’s Chairman Terry Gou mulls Taiwan 2020 presidential bid; plans to withdraw from daily ops via YimouLee

TAIPEI - Foxconn’s Chairman Terry Gou said on Tuesday he is considering whether to run for Taiwan’s 2020 presidential election, a day after Reuters reported the tycoon planned to step down from the world’s largest contract manufacturer.

“I didn’t sleep last night ... 2020 is key for Taiwan. The reason for the tense situation is because it’s a turning point for Taiwan’s direction for politics, economy, defense for the next 20 years,” Gou said. Gou, Taiwan’s richest person with a net worth of $7.6 billion according to Forbes, told Reuters on Monday he planned to step down in the coming months to pave the way for younger talent to move up the company’s ranks.

China claims Taiwan as its own and has vowed to bring the island, which it regards as a sacred territory, under Chinese control, by force if necessary.

 

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