Foxconn founder Terry Gou cuts final ties with company to run for Taiwan presidency


Source: firstpost.com firstpost.com

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Foxconn founder Terry Gou has resigned as a director for ‘personal reasons’, officially cutting ties as the billionaire focuses on his long-shot run for president in Taiwan’s elections next year. Gou made his fortune turning Foxconn into the world’s largest contract producer of electronics, including for Apple’s iPhones, but has not held a managerial role since he stepped down in 2019 for a failed presidential bid. Foxconn said in a weekend news release that Gou did not need to be replaced because there were other directors on the board and he had “officially handed over leadership… four years ago”. The...