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Terry Gou’s election exit eases Foxconn, Apple Inc. concerns
Foxconn founder Terry Gou has stepped out of the election race, potentially benefiting the ruling Democratic Progressive Party (DPP) and providing relief to both Foxconn and Apple Inc. Gou’s withdrawal has reassured Foxconn’s leadership team, while his potential candidacy was seen as potentially complicating matters for Apple. Gou and actress Tammy Lai had secured the necessary endorsements to qualify for the race but faced allegations of bribery and data-buying during the campaign. After failed collaborations between the Kuomintang (KMT) and Taiwan People’s Party (TPP), Gou chose to withdraw, stating it was for the future of the Republic of China (Taiwan) and to facilitate a political power transition. Gou’s previous poll support was below 10 percent, and concerns had arisen regarding Foxconn’s operations in China, though the Chinese government imposed only a minor penalty, easing concerns within Foxconn.2023/11/25 16:32