Life of Terry Gou
Terry Gou (born 8 October 1950) is a Taiwanese business magnate, investor, and politician. He is the founder and chairman of Foxconn, the worlds largest electronics contract manufacturing company and the fourth largest information technology company in the world by revenue. Gou established the company in 1974 with just US$7,500. He has since transformed it into a major global corporation.
Under Gous leadership, Foxconn has become the largest electronics manufacturer in the world, producing items such as Apples iPhone and iPad, and the second largest information technology company in Taiwan, employing over a million people at its plants in China. In September 2014, Gou was listed as the 48th richest person in the world and the 7th richest in Asia by Forbes.
Early life and education
Gou was born and raised in Banqiao, Taipei County, Taiwan, in 1950. His family were rice and pineapple farmers. In 1967, he entered the National Cheng Kung University (NCKU) in Tainan to study law. After graduating in 1971, he moved to the United States to study at the University of Denver.
Business career
Gou returned to Taiwan in 1974 and immediately established Foxconn Technology (also known as Hon Hai Precision Industry Co.), with US$7,500. While Foxconn at the time focused on assembling computer components, Gou later shifted its focus to manufacturing.
Under Gous leadership, Foxconn was listed on the Taiwan Stock Exchange in 1990 and later the New York Stock Exchange in 1991. It quickly grew to become the largest electronics manufacturing company in the world, producing items such as Apples iPhone and iPad. Foxconn is also the largest international contract manufacturer in the world, employing over 1.2 million people at its plants in China.
Political career
Gou was one of the founders of the Chinese Taipei Olympic Committee, which is responsible for the participation of Taiwanese athletes in the Olympics, and is now its chairman.
Gou also ran for the 2020 Taiwanese Presidential Elections, with the stated intention of bringing the 2020 Tokyo Olympic Games to Taiwan. He dropped out of the race on April 15, 2020, citing the lack of political unity among right-wing parties, allowing current President Tsai Ing-wen to win re-election.
Conclusion
Terry Gou is a Taiwanese business magnate, investor, and politician. He is the founder and chairman of Foxconn, the largest electronics contract manufacturing company in the world by revenue and the fourth largest information technology company in the world. Gou has transformed it into a major global corporation. He has also been involved in Taiwanese politics and had a failed run for president in 2020. Gou is widely praised for his business acumen and entrepreneurial skills. He has been listed as one of the worlds wealthiest people, and is an inspiration to many entrepreneurs.
