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Foxconn founder Terry Gou announces run for Taiwan presidency

Economic Times

Economic Times · 1y ago

Foxconn founder Terry Gou announces run for Taiwan presidency

Terry Gou, founder of Foxconn and a billionaire, has announced his bid to become Taiwan's president in January's elections. He aims to unite the opposition and prevent Taiwan from becoming "the next Ukraine." Gou highlighted the need to avoid war with China by changing the ruling Democratic Progressive Party (DPP). Despite his previous bid in 2019, Gou faces challenges, with low poll numbers and other opposition candidates. He urged unity among opposition parties and expressed his willingness to sacrifice personal assets in China in the event of conflict. Gou stepped down from Foxconn's daily management four years ago.

Related News

Foxconn founder Terry Gou makes first high-profile appearance in months

Economic Times

Economic Times · 1y ago

Terry Gou, the founder of Apple supplier Foxconn, made a public appearance at the company's 50th anniversary celebration after ending his bid for Taiwan's presidency. Gou remains Foxconn's largest shareholder and attended the event alongside other industry leaders such as Apple's COO and SoftBank's CEO. Foxconn, known for manufacturing electronics, is now looking to enter the electric vehicle market.

Foxconn founder Terry Gou makes first high profile appearance in months

Reuters · 1y ago

Terry Gou, the billionaire founder of Foxconn, made a public appearance at the company's 50th-anniversary event. Gou, who had recently withdrawn from his bid for Taiwan's presidency, stepped down as the chief of Foxconn in 2019 but remains the largest shareholder. The celebration was held in his honor, with Foxconn's chairman thanking long-time customers and suppliers for their support. Foxconn is now looking to expand into electric vehicle manufacturing, and some guests were taken to the event in a Foxconn-developed electric car.

Foxconn founder Terry Gou withdraws from race to be Taiwan president

Economic Times

Economic Times · 1y ago

Foxconn founder Terry Gou withdraws from race to be Taiwan president

Billionaire Terry Gou, founder of major Apple supplier Foxconn, has withdrawn from the race to be Taiwan's next president. Gou, who blamed the ruling Democratic Progressive Party for taking Taiwan to the brink of war by antagonizing China, initially sought to unite the opposition. However, talks to form a joint ticket against the ruling party broke down. Gou's withdrawal raises uncertainty about whom he might back in the presidential campaign between Kuomintang's Hou Yu-ih and Taiwan People's Party's Ko Wen-je.

China urges Taiwan firms to show 'responsibility' as Foxconn probed

Economic Times

Economic Times · 1y ago

China urges Taiwan firms to show 'responsibility' as Foxconn probed

Chinese authorities are urging Taiwan-based companies to "show responsibility" as Foxconn, one of the largest electronics manufacturers in the world, faces investigations. This comes as tensions between China and Taiwan continue to rise. Foxconn is under scrutiny for allegedly violating several regulations, including the use of certain software in its operations. The Chinese government is aiming to bring greater scrutiny and control over Taiwanese companies operating in China.

Southern states look to outfox each other in hunt for a Foxconn ‘city’

Economic Times

Economic Times · 11m ago

Southern states look to outfox each other in hunt for a Foxconn ‘city’

Taiwanese electronics manufacturer, Foxconn, is being offered land parcels in Telangana, Karnataka, and Andhra Pradesh to set up industrial parks or cities. The Telangana government has offered 2,000 acres for the establishment of a 'Foxconn City' modelled after the company's facilities in China and Taiwan. Karnataka has provided 300 acres for a supplier park, while Andhra Pradesh has offered 2,500 acres for an industrial park. Foxconn has expressed interest in building an industrial township near Chennai, creating a self-sufficient city with housing and basic amenities for workers. The expansion in India aims to decrease Foxconn's reliance on Chinese facilities.

Foxconn in talks with Tamil Nadu for battery energy storage unit

Economic Times

Economic Times · 8m ago

Foxconn in talks with Tamil Nadu for battery energy storage unit

The Tamil Nadu government has offered Foxconn around 200 acres of land for their proposed battery energy storage system (BESS) unit. This would be Foxconn's second unit globally, with the first one located in Taiwan and focused on electric vehicles. The talks are in their final stages, and Foxconn is likely to proceed with the project. The government has also provided Foxconn with an incentive package. Chairman Young Liu had earlier expressed interest in sectors like EVs, energy, and digital health in India, as part of Foxconn's plans to diversify beyond smartphones.

Foxconn working on plans to set up battery energy storage system unit in India

YourStory

YourStory · 11m ago

Foxconn working on plans to set up battery energy storage system unit in India

Taiwan's Foxconn is planning to establish a battery energy storage system (BESS) unit in India. The company aims to expand its battery manufacturing business, with a focus on the electric vehicle (EV) segment. Foxconn has already set up its first BESS unit in Taiwan, with mass production expected to start this year. It is also in discussions to establish a BESS factory in Indonesia. The BESS unit in India will complement Foxconn's plans to manufacture EVs in the country, which will begin production "very soon". Foxconn has already invested over $1.4bn in India and employs over 48,000 people.

Foxconn looks to tech on more than making smartphones

Economic Times

Economic Times · 11m ago

Foxconn looks to tech on more than making smartphones

Contract manufacturer Foxconn is planning to expand its operations beyond smartphones and focus on sectors such as information and communication technology (ICT), electric vehicles (EV), batteries, and digital health. The company aims to move up the value chain and is considering manufacturing products related to EVs, energy, and wearable medical devices. Foxconn also plans to establish townships in Tamil Nadu, replicating its successful model in Taiwan and China. The company sees India as a key market for growth and aims to be part of the country's sustainable development and electronics manufacturing ambitions.

NVIDIA rolls out NVLink Fusion to industry partners; plans AI supercomputer in Taiwan

YourStory

YourStory · 2m ago

NVIDIA rolls out NVLink Fusion to industry partners; plans AI supercomputer in Taiwan

NVIDIA has introduced NVLink Fusion, an interconnect technology enabling third-party chipmakers like MediaTek and Qualcomm to integrate their CPUs with NVIDIA GPUs, facilitating custom AI systems. This approach allows scaling AI infrastructure for demanding tasks. At COMPUTEX 2025, NVIDIA also unveiled DGX Cloud Lepton, a compute marketplace offering global GPU access for developers. Additionally, a new AI supercomputer project with Foxconn and plans for expanding operations in Taiwan were announced.

Chip giant TSMC shifts away from hotspot Taiwan with Japan plant

Economic Times

Economic Times · 1y ago

Chip giant TSMC shifts away from hotspot Taiwan with Japan plant

Taiwan Semiconductor Manufacturing Company's (TSMC) new chip plant in Japan aims to improve chip supply resilience globally, according to TSMC founder Morris Chang. With Apple and Nvidia as clients, TSMC produces half of the world's chips but faces pressure to diversify from Taiwan due to China's increasing assertiveness. The new facility in Kyushu, Japan, is a significant international investment for TSMC and strengthens the political ties between Taiwan and Japan. Japan is offering substantial state incentives to attract semiconductor firms, aiming to triple domestically produced chip sales by 2030.

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