Foxconn is still running with difficult status quo


Source: reuters.com reuters.com

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HONG KONG, Nov 27 (Reuters Breakingviews) - Terry Gou is not running for Taiwan’s presidency after all. His decision to drop out of the race can shield Foxconn (2317.TW), the electronics maker he founded, from immediate political crossfire arising from polls due to be held on Jan. 13. Nonetheless, the $45 billion Apple (AAPL.O) supplier’s continuing push to move production outside of China leaves it firmly on frontlines of rising cross-strait tensions. Despite the billionaire's pitch to act as a key intermediary between Washington and Beijing, Gou’s political motives were questioned in mainland China which claims the self-ruling island of...