News Gazette
Date: 06/22/2019
By: The Associated Press

TAIPEI, Taiwan (AP) — The chairman of Foxconn, the world's largest contract assembler of consumer

electronics for companies such as Apple, is stepping down amid speculation he could be planning a presidential run in Taiwan next year.

Terry Gou, 68, made the announcement Friday at the company's annual shareholders meeting, where he was surrounded by an enthusiastic crowd while exiting the room.

Foxconn board members elected Young Liu, the head of the Foxconn's semiconductor division, as Gou's successor.

Gou has yet to formally announce his candidacy, and he did not mention it at the meeting.
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