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Foxconn gets new chairman as Gou seeks Taiwan presidency

Credit: Reuters Studio
Published on June 21, 2019 - Duration: 01:22s

Foxconn gets new chairman as Gou seeks Taiwan presidency

Apple supplier Foxconn - the world's biggest electronics contract manufacturer - chose its chip-unit boss as chairman on Friday to succeed Terry Gou, who is preparing to contest Taiwan's presidential elections next year.

David Pollard reports.

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Foxconn gets new chairman as Gou seeks Taiwan presidency

When the world's biggest contract electronics maker chooses a new chairman, it's big news in its home base of Taiwan.

But outgoing chairman Terry Gou leaves a big hole behind him.

The founder of Foxconn 45 years ago, Gou confirmed on Friday he's to hand over the running of the firm to a new operations committee.

At 68, he wants to run for president of Taiwan in next year's election.

This year, he marked five decades as a member of the China-friendly opposition Kuomintang party.

And on Friday outlined his vision.

(SOUNDBITE) (Mandarin) FOXCONN CHAIRMAN, TERRY GOU, SAYING: "I believe that I will definitely win, that I will definitely lead the Kuomintang to win this election battle.

Why?

Because what the Taiwanese people need is economy, technology, innovation and to make money." Taiwan is seeing its economic growth suffer, he argued in his speech as global tech demand and China/U.S. tariff disputes take their hit.

As for Apple-supplier Foxconn: its new chairman, would be a good fit, he said - and promised not to interfere.

But Gou, with a net worth of $7.6 billion, Taiwan's richest person - is seen as likely to maintain control, according to analysts.

One of whom described the handover as only a formality.

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