Foxconn’s billionaire founder Gou to drop out of Taiwan presidential race

Foxconn Technology Group’s billionaire founder Terry Gou is quitting the race to become Taiwan’s next president, people familiar with his decision said.

The decision brings to an end Gou’s years-long pursuit of Taiwan’s most-powerful job — at least for now. The businessman has made no secret of his political ambitions since first flirting with the idea of a presidential run in 2019. His platform of pursuing peace talks with China and acting as a key intermediary between Washington and Beijing had failed to excite voters.