Taiwan's richest man Terry Gou said on Friday he would cede control of tech giant Foxconn to a committee, leaving the Apple-supplier in uncharted waters while he runs for president.
Gou has been at the helm of Foxconn, the world's largest electronics assembler, for more than four decades but has set his sights on becoming Taiwan's next president.
Those political aspirations come at a sensitive time for a company that is acutely vulnerable to the US-China trade war.
Taiwan goes to the polls in January, with the contest set to be dominated by relations with China.
Gou -- whose company is China's largest private employer -- is seeking to run for the Beijing-friendly Kuomintang (KMT) although he still has to win his party's nomination.
As that contest intensifies, Gou announced plans to hand the reins at Foxconn to a nine-member committee of trusted lieutenants.
More at https://tinyurI.com/y2b6rlwm
Gou has been at the helm of Foxconn, the world's largest electronics assembler, for more than four decades but has set his sights on becoming Taiwan's next president.
Those political aspirations come at a sensitive time for a company that is acutely vulnerable to the US-China trade war.
Taiwan goes to the polls in January, with the contest set to be dominated by relations with China.
Gou -- whose company is China's largest private employer -- is seeking to run for the Beijing-friendly Kuomintang (KMT) although he still has to win his party's nomination.
As that contest intensifies, Gou announced plans to hand the reins at Foxconn to a nine-member committee of trusted lieutenants.
More at https://tinyurI.com/y2b6rlwm
