Saturday, December 9

Foxconn boss Willing to Run for Taiwan presidency

World’s leading iPhones manufacturing company Foxconn founder announced that his intention to run for the presidency of Taiwan on a ticket from the Beijing-friendly opposition Kuomintang (KMT) party.

“I am willing to join the party’s primary. If I win I will represent the KMT in the 2020 elections,” Terry Gou said at a KMT meeting in Taipei in comments broadcast live on local TV.

Recently, Foxconn makes a large footprint in Asian including manufacturing Xiaomi and iPhones in India. Foxconn invests $356 million to expand the Indian plant, including investment in iPhone production.

The investment may create as many as 25,000 jobs. Another source also stated that Foxconn planned to assemble iPhones in India, in a move that could help both it and Apple to limit the impact of a trade war between the United States and China.