World

Foxconn founder Gou announces Taiwan presidential run 

Election will happen Jan 2024 with Tsai Ing-wen stepping down after two terms

Updated 3 years ago · Published on 05 Apr 2023 9:00PM

Foxconn founder Gou announces Taiwan presidential run 
Terry Gou, the billionaire founder of tech giant Foxconn, has announced that he will run for president of Taiwan’s main opposition Kuomintang party. – AFP pic, April 5, 2023

TAIPEI – Terry Gou, the billionaire founder of tech giant Foxconn, announced today he is seeking the presidential nomination of Taiwan’s main opposition Kuomintang party to “avoid war” with China.  

Taiwan will elect its next leader in January 2024 to succeed President Tsai Ing-wen, whose two terms in power have been marked by soaring tensions with Beijing.  

Returning from a visit to the United States, Gou, 72, told reporters that “there is the risk that war may break out anytime” and that Tsai’s Democratic Progressive Party (DPP) must be voted out to “avoid war”.  

Tsai will step down in May 2024 after serving the maximum two terms allowed. Vice-president William Lai, 63, has said he will seek the DPP nomination.  

“I have to tell young people honestly that voting for the DPP which upholds Taiwan’s independence, hates China and is anti-China is against your interests,” Gou said.  

“We can’t take...(peace) for granted, it requires the people to make the right choice.”  

His announcement came ahead of Tsai’s scheduled meeting with US House Speaker Kevin McCarthy during a stopover in Los Angeles yesterday following a visit to Central America.  

The meeting will almost certainly enrage Beijing.  

After a visit to Taipei last year by McCarthy’s predecessor Nancy Pelosi, China staged huge military drills around democratic Taiwan.   

China claims the self-ruled island as part of its territory to be taken one day – by force if necessary.  

Yesterday, Beijing vowed to “firmly defend” its sovereignty ahead of Tsai’s visit to the United States, and warned McCarthy that he was “playing with fire”.  

Gou ceded control of Foxconn, the world’s largest contract electronics maker and a key supplier for Apple’s iPhones, in 2019 when he last sought the KMT’s presidential nomination.  

That bid ended with a loss in the party’s primaries.  

The bulk of Gou’s investments is in mainland China, where he employs more than one million workers in massive factories, raising concerns over his perceived cosiness with Beijing’s leadership. – AFP, April 5, 2023

Related News

Off beat / 4w

AirAsia pilot executes dramatic landing amid intense Taiwan crosswinds (video)

Business / 2mth

Advantech seeks more strategic expansions to cope with market uncertainties

Business / 4mth

Chipbond Technology opens new Penang facility

Opinion / 2y

Beijing’s new map, South China Sea claim destabilising – Collins Chong Yew Keat

Business / 2y

2022 Malaysia-Taiwan bilateral trade 36.2% higher y-o-y

World / 2y

Taiwan spots 19 Chinese warplanes, five vessels near island

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

World

Sydney Bondi beach mass shooting suspect faces 19 additional charges as investigation expands

World

HRW: Private military contractors deployed to Sudan to support RSF

By Alfian Z.M. Tahir

World

US strikes Iranian targets after Strait of Hormuz helicopter incident deepens Middle East tensions

World

Oil prices surge as US-Iran strikes intensify

World

Malaysia - Japan deepen strategic economic ties with landmark LNG deal and local currency push

World

US-Iran escalates direct strikes as Trump warns of “heavy bombing” unless peace deal is signed

World

Bill Gates: ‘Epstein attempted to exploit my personal life’

World

Iran announces closure of Strait of Hormuz to all vessels amid renewed US attacks