Taiwan Presidency

Terry Gou Steps Down from Foxconn Board to Pursue Taiwan Presidency

Terry Gou, the billionaire founder of Foxconn, has resigned as a board member of the company after announcing his bid for the Taiwan presidency. Gou, who stepped down as Foxconn's chairman in 2019, is running as an independent candidate in the upcoming presidential election. His resignation from Foxconn is said to be due to "personal reasons." Gou's entry into the race has raised concerns about splitting the anti-DPP vote, with the ruling Democratic Progressive Party's William Lai currently leading in the polls. The election takes place amidst increased tensions between Taiwan and China.