Aspiring Taiwan presidential candidate Terry Gou resigns from Foxconn board

Aspiring Taiwanese independent presidential candidate Terry Gou has resigned from the board of Foxconn, the Apple supplier he founded nearly a half-century ago.

The company, officially registered as Hon Hai Precision Industry Co., Ltd., issued a news release late Saturday saying Gou, its former chair, had resigned for personal reasons.

It wasn’t clear what, if any, immediate effect Gou’s decision would have on the operations of Foxconn, ranked 20th in the 2023 Fortune Global 500 and considered one of the world’s largest technology companies.