Foxconn Founder Terry Gou Withdraws From Taiwan President Race

Terry Gou, Foxconn founder and presidential candidate, speaks during a press conference in Taipei, Taiwan, on Nov. 23, 2023. Carlos Garcia Rawlins/Reuters

Terry Gou, the billionaire founder of tech giant and major Apple supplier Foxconn, on Friday withdrew from the race to be Taiwan’s next president.

Mr. Gou announced his bid in August, saying he wanted to unite the opposition and ensure the island did not become “the next Ukraine,” blaming the ruling Democratic Progressive Party (DPP) for taking Taiwan to the brink of war by antagonizing the Chinese Communist Party (CCP), which claims the island as its own territory.