Terry Gou's Exit from Taiwan Presidential Race Eases Foxconn's Concerns

Terry Gou, the billionaire founder of Foxconn, has withdrawn from the race to be Taiwan's next president, bringing relief to the major Apple supplier and iPhone manufacturer. Gou, who blamed the ruling Democratic Progressive Party for antagonizing China, had consistently polled far behind his rivals. His decision came after a Chinese newspaper reported an investigation into Foxconn, potentially affecting its operations in China. Gou's withdrawal is a relief for Foxconn's senior management, who had assessed contingency plans in response to the investigation.