STABILITY: Hon Hai’s chairman said that he would not retire and there would be no succession planning until a restructuring is completed and the share price hits NT$200
Taipei Times
Date: Jun 23, 2018
By: Ted Chen / Staff reporter
Hon Hai Precision Industry Co (鴻海精密) chairman Terry Gou (郭台銘) yesterday
Hon Hai Precision Industry Co chairman Terry Gou speaks at the company’s annual general meeting in New Taipei City’s Tucheng District yesterday. Photo: Cho Yi-chun, Taipei
apologized to shareholders for missing last year’s sales growth target and appealed for continued support for the company’s corporate transformation.
Hampered by a strengthening New Taiwan dollar, the world’s biggest contract electronics maker last year posted an 8 percent annual sales gain, falling short of its 10 percent growth target.
The company requires time to carry out its transformation plan, which is centered on achieving early dominance as a provider of the next generation of industrial-grade technologies, including artificial intelligence (AI), big data, cloud computing, industrial Internet and cybertechnology, Gou said.
Speaking at the company’s annual general meeting in New Taipei City’s Tucheng District (土城), Gou said that Hon Hai’s industrial AI is vastly different from generalized AI, which is more geared toward consumers. [FULL STORY]
