Foxconn founder Terry Gou lies low in Taiwan election as China tax probe reverberates

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Foxconn founder Terry Gou lies low in Taiwan election as China tax probe reverberates
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After mastering making iPhones, Taiwan's Terry Gou, the billionaire founder of major Apple supplier Foxconn (2317.TW), wanted to turn his entrepreneurial skills elsewhere - to be the island's next president.

Terry Gou, founder of Taiwan's Foxconn poses for pictures while saluting during a news conference in Taoyuan, Taiwan April 5, 2023. REUTERS/Carlos Garcia Rawlins/File PhotoTAIPEI, Oct 25 - After mastering making iPhones, Taiwan's Terry Gou, the billionaire founder of major Apple supplier FoxconnBut three months out from the election, Gou, whose net worth is estimated by Forbes at $6.7 billion, has gone to ground.

That was because, the paper said, Gou would split the opposition vote and "in the end favour secessionist" Taiwan Vice President Lai Ching-te, making his victory more certain. "Think big, but don't lose sight of details - this is the personality trait I noticed in Jobs. This is the trait in recent years I have come to expect in myself and encourage in every colleague around me."

Gou was not born wealthy. After graduating from university, he worked in a series of factory jobs, as Taiwan in the late 1960s and early 1970s began using its cheap labour force to churn out consumer goods for the rich Western world. Gou remains a lauded figure at Foxconn after stepping down as chairman in 2019, referred to reverentially as "the founder".

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