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Foxconn Has a New CEO – Terry Gou Steps Down

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Terry Gou, the founder of Foxconn and Taiwan’s wealthiest person at $7.3 billion, has resigned as chairman at the world’s biggest electronics manufacturer in order to stand for election as the president of Taiwan.

Liu Young-Way, the head of Foxconn’s semiconductor unit, will succeed Gou as chairman. The company denied media reports that it plans to shift production away from China, where Foxconn employs more than a million people assembling electronic devices such as Apple’s iPhone and iPad…

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