HONG KONG, Nov 27 (Reuters Breakingviews) - Terry Gou is not running for Taiwan’s presidency after all.
Nonetheless, the $45 billion Apple (AAPL.O) supplier’s continuing push to move production outside of China leaves it firmly on frontlines of rising cross-strait tensions.
Foxconn grew into the biggest employer in China, with more than 1 million workers at its peak and a top contract manufacturer for global brands.
Foxconn is out of the election spotlight but it still has to grapple with an awkward status quo.
CONTEXT NEWSTerry Gou, the billionaire founder of electronics maker Foxconn, announced on Nov. 24 that he will be withdrawing from Taiwan’s presidential election next month.
Persons:
Terry Gou, Critics, Foxconn, Una Galani, Thomas Shum
Organizations:
Reuters, Apple, Democratic Progressive Party, DPP, KMT, Hai Precision Industry, World Trade Organization, Reuters Graphics, China -, Foxconn, Taipei Times, Thomson
Locations:
HONG KONG, China, Washington, Beijing, Taiwan, Kuomintang, Taipei