HomeWorldFoxconn Founder Terry Gou...

Foxconn Founder Terry Gou Resigns from Board Amidst Presidential Bid

Free Subscribtion

In a surprising turn of events, Taiwanese billionaire and founder of Foxconn, Terry Gou, has resigned from the board of the company he established nearly 50 years ago. The announcement comes just days after Gou declared his intention to run as an independent candidate in Taiwan’s presidential election. This move has raised questions about the future of Foxconn and its operations, as well as Gou’s political ambitions.

Gou’s Resignation from Foxconn

Late on Saturday, Foxconn, officially known as Hon Hai Precision Industry Co., Ltd., released a statement confirming Gou’s resignation from the board. The company cited “personal reasons” as the cause for Gou’s decision. However, the immediate impact of his departure on Foxconn’s operations remains unclear. As one of the world’s largest technology companies and a major Apple supplier, Foxconn’s manufacturing operations are primarily based in China, employing hundreds of thousands of workers.

Gou’s Presidential Bid

Gou’s entry into the political arena took many by surprise. On August 28, he announced his candidacy for the upcoming Taiwanese presidential election as an independent candidate. During a press conference, Gou criticized the governing Democratic Progressive Party (DPP) for its policies that he believes have escalated tensions with China and put Taiwan’s security at risk. Gou aligned himself closely with the opposition China-friendly Nationalist Party, or KMT, which has long held the belief that Taiwan and mainland China are part of a single Chinese nation.

Foxconn’s Future without Gou

With Gou’s resignation, the future of Foxconn without its founder at the helm raises questions about the company’s direction. As a key player in the global technology industry, Foxconn has faced its share of challenges, including labor disputes and criticism over working conditions in its massive factory complexes. However, the company has managed to maintain its position as a major manufacturer of iPhones and other electronic devices.

Impact on Foxconn’s Manufacturing Operations

Although Gou’s departure from Foxconn’s board raises questions, it is unlikely to have an immediate impact on the company’s manufacturing operations. Foxconn’s factories in China have been instrumental in its success as a leading electronics manufacturer. The complex relationship between labor and management in these facilities has occasionally resulted in tensions and disputes over employment conditions. However, the scale and efficiency of Foxconn’s operations have enabled it to remain a key player in the industry.

Gou’s Political Agenda

Gou’s decision to enter the political arena reflects his concerns about Taiwan’s relationship with China and the potential risks of conflict. He has expressed his desire to prevent Taiwan from becoming a situation similar to Ukraine, where tensions between Russia and Ukraine have escalated into armed conflict. Gou’s alignment with the China-friendly Nationalist Party indicates his belief in closer ties with mainland China, despite the opposition’s loss in the 2019 election.

- Advertisement -

Gou’s Long-Shot Candidacy

Despite Gou’s aspirations, his chances of winning the presidency as an independent candidate are considered slim. Independent candidates face challenges in Taiwanese politics due to the lack of established political networks. Moreover, many citizens are wary of closer ties with China, which is a key component of Gou’s political agenda. Therefore, it remains to be seen how successful Gou’s presidential bid will be and what impact it will have on the broader political landscape of Taiwan.


Terry Gou’s decision to resign from the board of Foxconn and pursue a presidential bid in Taiwan has sent shockwaves through both the business and political worlds. As one of the world’s largest technology companies, Foxconn’s future without its founder remains uncertain. Meanwhile, Gou’s political ambitions and alignment with the China-friendly Nationalist Party highlight the ongoing tensions between Taiwan and mainland China. It will be interesting to see how Gou’s candidacy unfolds and what it means for the future of both Foxconn and Taiwanese politics.

Additional Information

  • Foxconn is ranked 20th in the 2023 Fortune Global 500.
  • Gou’s resignation from Foxconn is effective immediately.
  • The Democratic Progressive Party (DPP) has been Taiwan’s ruling party since 2016.
  • The Nationalist Party, also known as the Kuomintang (KMT), is the main opposition party in Taiwan.


Most Popular


Please enter your comment!
Please enter your name here

Popular News

Rising from the Depths: The Birth of a New Island in Japan

In a remarkable display of nature's power, an undersea volcano off...

The Future of Work: Bill Gates Envisions a Three-Day Work Week with AI

In a recent podcast interview with South African comedian Trevor Noah,...

Miss Nicaragua Sheynnis Palacios Makes History as Miss Universe 2023

The world of beauty pageants was set ablaze on November 18,...


Read Now

Kylie Jenner Launches New Fashion Brand ‘Khy’: A Game-Changing Move in the Fashion Industry

Kylie Jenner, the 26-year-old beauty mogul and member of the iconic Kardashian-Jenner family, has once again made waves in the fashion industry. After conquering the world of cosmetics with her immensely popular brand Kylie Cosmetics, Jenner has ventured into the realm of fashion with the launch of...

The Killer: David Fincher’s Neo-Noir Thriller Takes Venice by Storm

David Fincher's highly anticipated neo-noir action thriller, "The Killer," made its mark at the Venice Film Festival, receiving a resounding standing ovation and leaving audiences in awe. Despite the absence of the film's star-studded cast, including Michael Fassbender and Tilda Swinton, due to the ongoing SAG-AFTRA strike,...

Apple iPhone 15 Pro vs Apple iPhone 14 Pro: Battle of the Generations

If you're in the market for a new smartphone, you've probably come across the Apple iPhone 15 Pro and the Apple iPhone 14 Pro. These high-end devices offer a range of features and improvements that cater to the needs of tech-savvy individuals. In this article, we will...

North Korea’s Claim of Satellite Surveillance on US Government Sites

In recent news, North Korea has made a bold claim that its newly launched satellite, Malligyong-1, has captured detailed images of US government sites, including the White House, the Pentagon, and US naval bases. The regime's leader, Kim Jong-un, has reportedly viewed these images, which were taken...

The Rising Threat of Mosquito-Borne Diseases: A Global Concern

Mosquito-borne diseases have emerged as a growing public health concern worldwide. While many in the United States may perceive mosquitoes as mere summertime nuisances, the reality is that these tiny insects and the diseases they carry pose a significant threat to global populations. Factors such as climate...

Hollywood Unites: Gal Gadot, Madonna, Natalie Portman, and More Stars Stand with Israel Amidst Deadly Hamas Attacks

In recent days, the world has witnessed a devastating conflict between Israel and Gaza, as Hamas launched a surprise attack on the country. This assault, which included a heavy barrage of rockets and infiltrators crossing the border, has resulted in numerous casualties and widespread destruction. Amidst this...

Review Knock at the Cabin: A Thought-Provoking Thriller from Netflix

When it comes to suspenseful thrillers, few directors have made as much of an impact as M. Night Shyamalan. Known for his unexpected twists and turns, Shyamalan's latest film, "Knock at the Cabin," takes audiences on a gripping journey filled with moral dilemmas and apocalyptic themes. In...

The Rise of Amazon as the Largest Delivery Business in the U.S.

The landscape of the delivery business in the United States has undergone a seismic shift in recent years, with Amazon emerging as the dominant force in the industry. Once viewed as a major customer for UPS and FedEx, Amazon has surpassed both giants in parcel volumes, solidifying...

Air Pollution and Its Impact on the Cricket World Cup in India

Air pollution is a growing concern, particularly in major cities around the world. New Delhi, the capital of India, is no exception. The city has been grappling with severe air pollution for years, and the situation has now cast a shadow over the highly anticipated cricket World...

China Property Slump: Navigating the Challenges and Opportunities

The Chinese property market, once a pillar of the country's economic growth, is facing significant challenges that could have far-reaching implications. The sector, which once accounted for up to 30% of China's GDP, has been in crisis for over two years. Despite government stimulus measures, the property...

Navigating the Turbulent Tides: How the Global Economy is Weathering the Storm

The International Monetary Fund (IMF) recently released its World Economic Outlook report, highlighting that the global economy continues to face challenges and remains in a state of low and uneven growth. Despite the remarkable strength of the U.S. economy, the IMF has lowered its growth forecasts for...

Celebrating 100 Years of Disney Magic: A Look Back at the Iconic Legacy

Disney has been enchanting audiences for a century, captivating both young and old with its timeless stories, unforgettable characters, and magical experiences. From the humble beginnings of Walt Disney as a budding filmmaker to becoming a global entertainment powerhouse, the journey of Disney has been nothing short...