Electronics Tycoon Likely to Run for Taiwan’s Presidential Race

Terry Gou, the electronic tycoon has expressed interest in running for the 2020 Taiwan Presidential Election. He is one of Taiwan's wealthiest man who heads Foxconn, the world's biggest electronics contract manufacturer and a key Apple supplier. Gou said that if he decides to run, which he will be confirming in a couple of days, he would take part in the opposition Kuomintang's primaries, than standing independently.

"I hardly slept last night thinking of the future of Taiwan and its security issues. And the election in 2020 is extremely critical in determining Taiwan's future in the next 20 years in the political, defence and economic sectors." Gou said he was considering a presidential bid because he wanted to do something for the Taiwanese, especially those aged between 20 and 40, as the next two decades would be critical to that generation.

Gou founded Hon Hai Precision Industry, known as Foxconn in 1974 with just US$7,500 and 10 staff in Taiwan. Today, the company is the world's largest contract maker of electronics, with factories in a number of countries.