BEIJING (AP) – Terry Gou has resigned from the board of Foxconn, the Apple supplier he founded nearly a half-century ago.
The company, officially registered as Hon Hai Precision Industry Co Ltd, issued a news release late Saturday saying Gou, its former chair, had resigned for personal reasons.
It wasn’t clear what, if any, immediate effect Gou’s decision would have on the operations of Foxconn, ranked 20th in the 2023 Fortune Global 500 and considered one of the world’s largest technology companies.
It is headquartered in Taiwan, but does the vast majority of its manufacturing in China, where it employs hundreds of thousands making iPhones in vast factory-dormitory complexes that have sometimes seen frictions between workers and management over employment conditions.
Guo announced August 28 he would run as an independent candidate in Taiwan’s presidential election, ending months of speculation.
