Tech leaders laud Hon Hai’s economic contributions at Gala
Discover the success story of Hon Hai Precision Industry Co at its 50th anniversary gala dinner, where founder Terry Gou highlighted the company’s impact on employees and the community. Special messages from tech leaders like Tim Cook and Jensen Huang added to the celebration.
Hou Yu-ih calls for democratic reforms, coalition gov’t
KMT presidential candidate Hou Yu-ih proposes a third wave of democratic reforms and a coalition government, inviting individuals outside of the KMT such as TPP candidate Ko Wen-je and Foxconn founder Terry Gou. He criticizes DPP candidate Lai Ching-te for lack of transparency regarding the Medigen Covid-19 vaccine and accuses the DPP of improper governance and corruption. The campaign rally in Tainan attracted 50,000 supporters with prominent KMT officials in attendance.
Ko Wen-je slams KMT for shady tactics in Taiwan elections
Taiwan People’s Party (TPP) presidential candidate Ko Wen-je criticizes the Kuomintang (KMT) for engaging in power politics and diverting attention from their own shortcomings. Ko questions the credibility of KMT’s vice-presidential candidate, Jaw Shaw-kong, who expressed intentions to discuss potential premier candidates with Ko and Foxconn founder Terry Gou if elected. Ko believes Jaw’s remarks disqualify him as a competent candidate.
TCX initiates first global carbon credit trades
The Taiwan Carbon Solution Exchange (TCX) has launched its first international carbon credit transactions, offering credits sourced from various regions in Asia, Africa, and South America. Notable companies such as TSMC, Foxconn, China Steel Corporation, and Taiwan Financial Holding have expressed interest in participating in the inaugural trade event. The initial batch of credits available on the Taiwan Carbon Exchange is estimated to range from 50,000 to 100,000 tons and has been certified by the Gold Standard. Once procured, these credits cannot be resold on the carbon exchange platform, and their use will be determined by each company’s individual needs. It is important to note that these credits have international ＂voluntary＂ carbon rights and do not fall under ＂mandatory＂ carbon pricing, meaning they cannot be used to offset Europe’s Carbon Border Adjustment Mechanism (CBAM).
Ex-DPP councilor and aide indicted in data acquisition case
Former Taoyuan City Councillor, Kuo Li-hua, of the Democratic Progressive Party (DPP), and her assistant Liu Tsai-jou have been indicted for allegedly purchasing private information in support of Foxconn founder, Terry Gou, during his independent presidential candidacy. The indictment states that Kuo, under Liu’s direction, secured 325 blank endorsement forms on six separate occasions, totaling a transaction of NT＄88,400. Law enforcement officials seized critical evidence, including endorsement registers and text messages, which implicated Kuo and Liu. Despite Kuo’s denial, the Taiwan Taoyuan District Prosecutors Office (TYC) emphasized that they and six others had clearly committed the crime and were officially prosecuted. The TYC has also requested a heavier sentence for Kuo due to her hostility after committing the crime.
Foreign investment in Taiwan hits 15-year high despite drop
The number of approved overseas Chinese and foreign investments in Taiwan decreased by 8.89% to 2,102 cases in the first 11 months of 2023 compared to the same period last year. However, the investment amount from these sources reached US$10.79 billion (NT$323.7 billion), the second-highest in the past 15 years, with significant contributions from the offshore wind power sector. French company TotalEnergies Renewables SAS and British firm OSW Investments Taiwan JVCO 2 Limited increased their capital in Haiding Two International Investment Co., Ltd. by NT$5.03 billion. New companies established during this period amounted to 1,124 cases, with an investment value of US$680 million (NT$20.37 billion). Investments from Southeast Asian countries increased notably, with 609 cases, a 41.3% year-on-year increase, and a monetary surge of 25.2% to US$2.52 billion (NT$75.68 billion), mainly from Singapore, Thailand, and Malaysia. However, Chinese investments in Taiwan declined, with only 24 approved cases, a 45.45% decrease from the previous year, and investment figures dropping by 21.65% to US$27.38 million (NT$820 million). On the other hand, overseas investments from Taiwan increased, with a moderate rise in approved cases by 2.44% to 504 and a substantial annual increase of 145.61% in investment total to US$22.81 billion (NT$684.42 billion). Key overseas investments included TSMC’s US$8 billion capital injection into its Arizona subsidiary and a €3.5 billion investment in Germany’s ESMC GmbH. Foxconn Technology Group also made a significant investment of US$8 billion in its Singapore subsidiary, and Yang Ming Marine Transport Corp. invested a similar amount in Singapore-based Yang Ming (Singapore) Pte. Ltd.
KMT’s Jaw calls for Terry Gou’s return to party ranks
Kuomintang (KMT) vice-presidential candidate Jaw Shaw-kong publicly appeals for Foxconn founder Terry Gou to return to the party. Gou had initiated a signature campaign for opposition consolidation, but did not register for the 2024 election. Jaw hopes Gou will reconsider and come back to the KMT, emphasizing the party’s need for his support. Gou, who had planned to run as an independent candidate with actress Lai Pei-hsia as his running mate, withdrew from the election before the registration deadline on Nov. 24.
Wang Jin-pyng seeks unity in KMT, urges Gou’s return
Former Legislative Speaker Wang Jin-pyng, in an effort to strengthen support within the Kuomintang (KMT), highlighted the importance of unity and expressed his desire for the return of Foxconn Founder Terry Gou to the party. Wang also announced his commitment to serve as the national campaign chairman for KMT presidential candidate Hou Yu-ih. These statements were made during a luncheon held in Taipei to gather resources from the pro-Gou faction in support of Hou and his running mate. Former KMT Vice Chairman Hau Lung-bin and former party Secretary-General Lee Chien-lung were also present, showing their support for Wang’s initiative. Wang emphasized that KMT chairpersons are now more united than ever, with all past grievances resolved.
Taiwan’s TAIEX hits year high, crosses 17,500 mark
Taiwan’s stock market opened strong on Tuesday, reaching a new high for the year of 17,528 points, surpassing the 17,500 mark. This increase came after a rise in U.S. stocks on Monday. The Taiwan Stock Exchange Weighted Index (TAIEX) climbed by 78.65 points to 17,496.99 points, with a trading volume of NT$36.387 billion as of 9:06 a.m. Leading the gainers in early trading were Taiwan Semiconductor Manufacturing Co. (TSMC), Largan Precision, and Foxconn. This week, as the market enters a central bank super week, banks in the U.S. and Europe are expected to announce their final rate decisions for the year. Taiwan’s Financial Supervisory Commission (FSC) chairman Huang Tien-mu expressed the government’s commitment to stabilizing the capital market and highlighted the resilience of Taiwan’s stock market. Huang assured that the FSC is prepared to manage the impact of the Federal Reserve’s decisions on the market.
Wang Jin-pyng seeks Terry Gou’s support for KMT election bid
Former Legislative Yuan Speaker Wang Jin-pyng expresses his efforts to invite Foxconn founder Terry Gou to join the Kuomintang’s campaign for the upcoming election. Wang has been appointed as the chairman of KMT candidate Hou Yu-ih’s nationwide campaign. Wang believes in the strength of the Hou-Kang ticket and sees it as a promising combination that could bring about a political power shift. While Wang has not had recent contact with Gou, he assures that arrangements are in place and hints at potential strategic plans. As Hou advocates for the reinstatement of the Special Investigation Division, Wang emphasizes the importance of proper legal processes and the enforcement of the law without violations.
KMT’s Hou, Jaw unite with nominees for campaign photos
The Kuomintang’s (KMT) presidential candidate Hou Yu-ih and his running mate Jaw Shaw-kong participated in a photo shoot and promotional video session with unranked legislative nominees. They donned white shirts and blue jeans for the hour-long session. Jaw Shaw-kong publicly appealed to Foxconn founder Terry Gou to rejoin the party and contribute to the election campaign, emphasizing the need for unity for the greater good of Taiwan. KMT Chairman Eric Chu took responsibility for any dissatisfaction within the party, highlighting the importance of party coherence. However, Gou distanced himself from rejoining the KMT and the electoral battle, stating that the issue is not relevant to him. The KMT has been actively seeking unity through various channels, including attempting to woo Gou, in order to bolster their chances in the upcoming elections.
Ko Wen-je aims for 10 seats in Legislative Yuan election
Taipei Mayor Ko Wen-je, the presidential candidate for the Taiwan People’s Party (TPP), aims to win a total of 10 seats in the upcoming Legislative Yuan elections. He plans to maintain President Tsai Ing-wen’s foreign affairs policies while adopting a friendlier approach to cross-strait relations and emphasizing Taiwan’s self-defense capabilities. Despite his pro-Democratic Progressive Party stance, Ko aims for a non-partisan approach to governance, drawing on his experience as a physician. He believes that the key to his success lies in the turnout of young voters and aspires to make Taiwan a ＂normal country.＂ Ko has been using his media platform, ＂KP TV,＂ and participating in interviews to enhance his media presence. Cynthia Wu has been chosen as the vice-presidential candidate for the TPP. Ko hinted at the possibility of involving Terry Gou, founder of Foxconn, in the campaign after discussing economic policies with Gou’s team. While Ko did not provide specific vote estimates, he mentioned that around 5.5 million votes are needed to win the presidency. He also suggested that if the TPP and the Kuomintang (KMT) were to part ways, the Democratic Progressive Party (DPP) might gain a majority in the Legislative Yuan.
Terry Gou shares loss, pledges cancer hospital for Taiwan
Foxconn founder Terry Gou shares an emotional tribute on Facebook to his late brother Tony Gou and his first wife Serena Lin. He recounts the personal tragedies of losing his brother to leukemia at the age of 46 and his wife to breast cancer at the age of 54. Despite seeking medical experts worldwide, his brother ultimately lost his battle with cancer. Gou recently withdrew his presidential candidacy and now focuses on his determination to contribute to Taiwan’s medical field. He announces his plan to build a cancer hospital in Taiwan as a way to offer hope to those fighting the disease.
Taiwan’s healthcare outweighs U.S. citizenship: Commentator
Taipei City Hospital’s Chiang Kuan-yu commented on Lai Pei-hsia’s decision to give up her U.S. citizenship, stating that Taiwan’s lighter healthcare and tax burdens outweigh the benefits of U.S. citizenship. Lai, an entertainer, relinquished her U.S. citizenship in order to qualify as the running mate for Foxconn founder Terry Gou in Taiwan’s vice-presidential election. However, the Gou-Lai ticket failed to register for the race, leading many online users in Taiwan to describe Lai as the biggest loser in the electoral contest. Chiang highlighted that many elderly Americans choose to return to Taiwan for superior elderly care and more familial support, as incapacitated seniors in the U.S. often do not survive beyond three years. He characterized Taiwan as ＂a paradise for the elderly, a promised land for retirement,＂ promoting the country as an ideal place for a comfortable and supported aging experience. Chiang questioned the significance of retaining U.S. citizenship once one’s children are independent, suggesting that Lai may not have lost much by forfeiting her American nationality.
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.
Terry Gou supporters shocked, disappointed by withdrawal
Foxconn founder Terry Gou has withdrawn from the race for the 2024 Taiwan presidential election, surprising his supporters. Gou had previously secured enough signatures to make a bid for the presidency. The announcement came just as the registration for the presidential and legislative elections closed. Despite expressing disappointment, supporters respected Gou’s decision for the greater good. Gou’s withdrawal followed a request from Taiwan People’s Party candidate Ko Wen-je, which caused discontent among his supporters. Gou had campaigned in Chiayi City, where he had support from the ＂Friends of A-Ming＂ group. The group had successfully reached the petition threshold, but were not forewarned about Gou’s decision. In his withdrawal statement, Gou emphasized his unwavering spirit on the global business stage and his love for Taiwan’s people. He highlighted the importance of victory and regime change for Taiwan, stating that an unwillingness to compromise is unacceptable for those seeking political turnover.
Lai Pei-hsia has no plans to reapply for U.S. citizenship
Terry Gou’s running mate, Lai Pei-hsia, has no plans to reapply for U.S. citizenship, according to Gou’s campaign spokesperson. Press asked about Lai’s U.S. tax records, but it was deemed a private matter. Terry Gou announced his withdrawal from the presidential race through a statement image file, without further elaboration. Lai had previously renounced her U.S. citizenship to run for office alongside Gou.
Ko Wen-je vows ’strongest team’ for Taiwan’s 2024 election
Taipei’s 2024 presidential and vice-presidential election registration countdown is underway. Taiwan People’s Party candidate Ko Wen-je aims to form the ＂strongest team,＂ while Kuomintang presidential hopeful Hou Yu-ih urges opposition unity. Ko and Foxconn founder Terry Gou have retrieved candidacy registration papers, indicating their potential entries. Efforts to consolidate opposition parties have stalled, with integration progress close to collapsing. Consensus among the parties has yet to be reached as the registration deadline approaches. The prospect of a ’Hou-Ko pairing’ relies on Ko’s decision. Taiwan’s political landscape remains uncertain as the 2024 elections approach.
Foxtron marks milestone with record n7 EV model pre-orders
Foxtron, a joint venture of Yulon Motor’s Luxgen Motor, has received over 9,100 pre-orders for its n7 electric vehicle (EV), making a significant impact on Taiwan’s domestic EV industry. Deliveries of the highly anticipated n7 model are set to begin in mid-January next year and be completed by the end of June. The n7’s pre-order numbers, achieved in just two days, equal three years of total EV sales in Taiwan, signaling a bright future for the EV market. Foxconn CEO Young Liu, leading the electric transformation of the trillion-dollar corporation, sees the increasing global competition in the EV sector as beneficial for Foxconn and its business models. Platformization, modularization, and standardization are key strategies for achieving cost control and timely product launches, which are at the core of Foxconn and Foxtron. The n7 model, benefiting from the shared platform provided by Foxtron, enjoys a competitive edge in cost, aligning with Foxconn’s global EV aspirations. The success of Foxtron’s n7 could potentially usher in a new era for Taiwan’s presence in the international EV landscape as the demand for sustainable transport continues to grow.
Taiwan’s FDI investment in ASEAN countries hits new high
Taiwan’s foreign investment landscape has undergone a significant shift, with investments in Southeast Asia surpassing those in mainland China for the first time in 30 years. From January to October this year, Taiwan invested US＄4.96 billion in Southeast Asia compared to US＄2.63 billion in China. The total number of approved foreign investments during the same period decreased by 8.18%, totaling 1,864 investments. The total investment amount was US＄8.39 billion, marking a 27.35% decrease compared to the previous year. Jiangsu Province emerged as the main beneficiary of Taiwan’s investments in mainland China this year. The changes in Taiwanese investment behavior can be attributed to shifts in global supply chains caused by the COVID-19 pandemic and the China-U.S. trade war. Notably, Taiwan Semiconductor Manufacturing Company (TSMC), Foxconn, and Yang Ming Marine Transport Corporation played a significant role in foreign investment, with TSMC investing US＄8 billion in U.S. companies and €3.5 billion in German firms, while Foxconn and Yang Ming Marine each injected US＄800 million into Singaporean businesses. This year marks the first time in three decades that investment in Southeast Asia has exceeded that in mainland China.
BCC Chairman urges Terry Gou to reassess presidential bid
The Chairman of the Broadcasting Corporation of China, Chao Shao-kang, has urged Terry Gou, independent presidential candidate and founder of Foxconn, to reconsider his election bid in light of the recent consensus reached between the Kuomintang (KMT) and Taiwan People’s Party (TPP). Chao emphasized that Gou has already surpassed the nomination threshold and should step back, as he initially aimed to boost the KMT-TPP coalition. Although TPP candidate Ko Wen-je had considered an alliance with Gou, the formation of the coalition renders any significant change unlikely. Chao cautioned against excluding Gou and suggested integrating his influence into the coalition. He warned that failing to do so could pose problems if Gou continues his presidential run. Chao expressed confidence that Gou would not win the election and advised him to withdraw logically, rather than emotionally.
Ko is the main force splitting KMT votes: Yao Li-ming
The story discusses the role of Ko Wen-je, chairman of the Taiwan People’s Party (TPP), in splitting the Kuomintang (KMT) votes since the 2018 Taipei Mayoral election. Yao Li-ming, campaign director for Democratic Progressive Party (DPP) presidential hopeful Lai Ching-te, claims that the DPP’s decision to nominate Pasuya Yao for the mayoral race was a strategic move to distinguish themselves from Ko. Yao also highlights how Ko has shifted his focus away from securing the green camp’s vote in the 2022 election. Additionally, Yao argues that the KMT and TPP cannot form a union due to their differing natures and suggests that the potential candidacy of Foxconn founder Terry Gou has a greater impact on Ko and Hou than on Lai.
Gou criticizes talent loss due to poor national strategy
Taiwanese billionaire and independent presidential candidate Terry Gou addressed the talent drain in Taiwan and its impact on the tourism industry. He highlighted how the lack of qualified personnel has affected the competitiveness of the industry, leading to a decline in domestic travel. Gou also linked this talent drain to the fertility crisis in Taiwan and the issue of female employment. He suggested that remote working could help parents balance work and family life, and called on the government to invest in software and hardware developments to support remote job positions. Gou criticized the ruling party, the Democratic Progressive Party, for its failure to propose effective strategies for economic growth and emphasized the need for industrial upgrades to sustain Taiwan’s competitiveness in export-driven industries.
Ukraine-born actress rumored to run for DPP candidacy
Get the latest updates on the 2024 presidential elections in Taiwan, as Foxconn billionaire Terry Gou and former music show presenter Belle Yu enter the political arena. Ukrainian-born actress Larisa Angela Bakurova, who became a Taiwanese citizen, is rumored to be a candidate for the Democratic Progressive Party. Discover her inspiring journey in promoting gymnastics in Taiwan and her potential inclusion in the upcoming elections. Stay tuned for more information as factional variations within the DPP could influence the final candidate list.
Former legislator Chiu sees Gou as a force one can’t ignore
The potential alliance between the Kuomintang (KMT) and the Taiwan People’s Party (TPP) for the 2024 presidential election is generating significant interest. Chiu Yi, a former legislator of the KMT and People First Party, has proposed a strategy to revive the KMT-TPP alliance, highlighting the strong candidacy of Foxconn founder Terry Gou. Yi believes that the success of the alliance depends on the KMT’s commitment to open and democratic elections. He warns that the KMT’s lack of transparency in the primary election could lead to further issues, potentially making Gou a target for investigations. Yi suggests implementing open public voting during the primaries to prevent any hidden manipulation and emphasizes Gou’s significant support base, which cannot be ignored.