Terry Gou plans to step down in the coming months to pave the way for younger talent to move up the company's ranks.
TAIPEI: Terry Gou, chairman of Apple supplier Foxconn, said on Wednesday he will contest Taiwan’s 2020 presidential election, shaking up the political landscape at a time of heightened tension between the self-ruled island and Beijing.
Gou, Taiwan’s richest person with a net worth of $7.6 billion according to Forbes, said he would join the already competitive race, and would take part in the opposition, China-friendly Kuomintang party’s primaries.
His bid, which requires KMT approval, comes at a delicate time for cross-strait relations and delivers a blow to the ruling pro-independence Democratic Progressive Party, which is struggling in opinion polls. - Reuters
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