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April 17, 2019 08:50 pm

Foxconn Chairman Terry Gou To Run For President of Taiwan

hackingbear writes: Terry Gou, the billionaire founder of electronics giant Foxconn, is stepping down from his role as chairman to run for president of Taiwan. Taiwan broke off from mainland China in 1949 after a civil war and is officially known as Republic of China; its legal territory still covers all of China. He will stand in the primaries of the opposition party Kuomintang (KMT), promoting a more China-friendly policy during what is currently a period of heightened tension with Beijing. Gou says he wants to improve relations with mainland China -- something which is quite feasible given his plentiful resources and experience. Foxconn already operates numerous factories in China, employing hundreds of thousands of workers, plus Gou has an alliance with U.S. President Donald Trump, thanks to Foxconn's plans to build a $10 billion facility in Wisconsin. This is certainly a relationship that could give Gou a lot of clout if necessary. Unification with China versus going independent is a political issue defining the politics of Taiwan, serving a role similar to that of abortion and immigration issues in U.S. politics.

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