Foxconn chairman mulls presidential bid; plans to withdraw from daily ops

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Foxconn chairman mulls presidential bid; plans to withdraw from daily ops
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Foxconn’s Chairman Terry Gou mulls Taiwan 2020 presidential bid; plans to withdraw from daily ops by YimouLee

TAIPEI - Foxconn’s Chairman Terry Gou said on Tuesday he is considering whether to run for Taiwan’s 2020 presidential election, a day after Reuters reported the tycoon planned to step down from the world’s largest contract manufacturer.

“I didn’t sleep last night ... 2020 is key for Taiwan. The reason for the tense situation is because it’s a turning point for Taiwan’s direction for politics, economy, defense for the next 20 years,” Gou said. The company later said Gou will remain chairman of Foxconn, though he plans to withdraw from daily operations.

The United States has no formal ties with Taiwan but is bound by law to help provide the island with the means to defend itself and is its main source of arms.“We need peace. We don’t need to buy too many weapons. Peace is the biggest weapon,” Gou said, adding that Taiwan only needs adequate self-defense.

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