郭台铭

Foxconn units jump on Terry Gou’s bid for Taiwan presidency

You could call it divine intervention. A Hong Kong-listed unit of Foxconn surged by almost 60 per cent on Thursday after the Taiwanese Apple supplier’s chairman launched a presidential bid.

Terry Gou said on Wednesday he will join primaries for Taiwan’s main opposition party, the Kuomintang, after the sea goddess Matsu told him to “come out and contribute”.

The announcement came after Foxconn, known as Hon Hai Precision Industry, said on Tuesday that the self-made billionaire would be stepping back from daily management at the company. Taiwan will hold presidential elections in January 2020.

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