Today: 23 June 2025
28 August 2023
1 min read

Foxconn’s Terry Gou Joins Taiwan Presidential Election Race

Founded in 1974, Foxconn grew to become an international business empire, becoming the largest private employer and exporter in mainland China with a workforce of 1.2 million…reports Asian Lite News

 iPhone maker Foxconn’s founder Terry Gou on Monday announced an independent bid for the Taiwan presidential election in January 2024.

The 72-year-old tech billionaire is now the fourth candidate for the top position, reports Nikkei Asia.

He is pitted against Vice President Lai Ching-te of the ruling Democratic Progressive Party (DPP), Taiwan People’s Party Chairman Ko Wen-je, and New Taipei Mayor Hou Yu-ih of the China-friendly Kuomintang (KMT).

Gou said at a press conference he will “make Taiwan overtake Singapore within 20 years” and have the highest GDP per capita in Asia.

“If Singapore can do it, so can Taiwan. We need to pull the country back to the path of peace and prosperity through this election. Only by doing so can hundreds of industries safely develop and can people live and work in peace and contentment,” Gou was quoted as saying.

“Taiwan should absolutely not become Ukraine. I shall never let Taiwan be the next Ukraine,” said Gou.

“I can guarantee that I’ll bring 50 years of peace to the Taiwan Strait.”

Gou needs sufficient nominations to officially become a presidential candidate in November.

Founded in 1974, Foxconn grew to become an international business empire, becoming the largest private employer and exporter in mainland China with a workforce of 1.2 million.

As of 2022, Gou had a net worth of $6.8 billion.

In 2019, Gou resigned from Foxconn and joined the Kuomintang (KMT) to run for President. Once described as an “old friend” by Chinese President Xi Jinping, Gou has been characterised as friendly to Chinese business interests during his political and business career.

ALSO READ-Taiwan calls China “bully next door”

Previous Story

Indian-American Candidate Ramaswamy Eyes Elon Musk as Advisor

Next Story

Imran Acquitted of Murder Abetment Charges

Latest from -Top News

Netanyahu: Iran Goals Near

Netanyahu pledged not to let Israel get dragged into a “war of attrition” with Tehran…reports Asian Lite News Israeli Prime Minister Benjamin Netanyahu claimed on Sunday that Israel is “very close” to

Khamenei Vows Payback

Calling the attacks “a big crime,” Khamenei warned of retaliation….reports Asian Lite News Iran’s Supreme Leader Ayatollah Ali Khamenei on Monday, in his first reaction following the US strikes on Iranian nuclear

US committed great crime: Iran

Iran has now called for an emergency meeting of the UN Security Council and demanded the IAEA Board of Governors address the situation….reports Asian Lite News Iran has strongly condemned the United

Strike Iran, Face Us, Houthis warn US

The Yemen-based Houthi group, which controls much of northern Yemen, has been targeting Israel since November 2023…reports Asian Lite News Yemen’s Houthi group issued a stark warning on Sunday, declaring they would

Tehran Hits Back After US Strikes

The missiles struck several locations across central Israel. Notably, one hit Haifa without any prior warning sirens, raising alarm over possible gaps in the missile alert system….reports Asian Lite News Iran fired
Go toTop

Don't Miss

Former Indo-Pacific commander Davidson warns about risk to Taiwan

During his congressional testimony earlier this year, Davidson said, “I

China to begin military drills as Pelosi visits Taiwan

China – which sees Taiwan as a breakaway province which