Technology
Foxconn Founder Gou Drops Out of Taiwan Presidential Race
- Tech tycoon had languished in fourth place in opinion polls
- Beijing signaled concern Gou would split China-friendly vote
A campaign billboard featuring Foxconn Technology Group founder Terry Gou on a bus in Taipei, on Nov. 1.
Photographer: Lam Yik Fei/BloombergThis article is for subscribers only.
Foxconn Technology Group’s billionaire founder Terry Gou has quit the race to become Taiwan’s next president.
Gou said he had decided to set aside his political ambitions for the greater good of Taiwan and expressed his hope one of the opposition candidates could beat the ruling Democratic Progressive Party in January’s election, according to a statement from his campaign Friday.