Today: 7 October 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

OCTOBER 7: Stop the Violence Now, Says Guterres

Guterres recalled that “the attackers brutally killed more than 1,250 Israelis and foreign nationals….reports Asian Lite News UN Secretary-General Antonio Guterres urged an immediate halt to the violence in Gaza, Israel, and

Piyush Goyal Heads to Doha for Trade Talks

During the visit, both sides are expected to discuss the proposed India–Qatar Free Trade Agreement (FTA)….reports Asian Lite News Union Commerce and Industry Minister Piyush Goyal will travel to Doha, Qatar, on

Hamas Heads to Egypt for Gaza Talks

The negotiation will focus on the details of enacting the first phase of the plan…reports Asian Lite News A delegation from the Palestinian group Hamas arrived in Egypt on Sunday ahead of

Multi-alignment, upgraded

With US ties strained and China tense, New Delhi taps Europe’s harder edge for co-development, clean tech and strategic autonomy, writes Manoj Menon India is recalibrating its great-power hedging as frictions with
Go toTop

Don't Miss

Chinese planes breached Taiwan airspace 24 times in January

In response, Taiwan sent aircraft, issued radio warnings, and deployed

Taiwan not part of US, but Chinese territory: Wang Yi

In announcing the manoeuvres to the north, south-west and east