Terry Gou, Seeking Taiwan Presidency, Resigns As Foxconn Board Member

Terry Gou announced on Monday he would contest as an independent candidate in Taiwan's presidential election

Terry Gou, the founder of major Apple supplier Foxconn, resigned as a company board member, the Taiwanese firm said on Saturday.

After months of speculation, Gou, who stepped down as Foxconn's chairman in 2019, announced on Monday he would contest as an independent candidate in a presidential election to be held in January.

In a brief statement, Foxconn said Terry Gou had resigned due to "personal reasons", and noted he had "officially handed over leadership of the group to a professional manager four years ago".