Tech billionaire Terry Gou denied Beijing could pressure him through his extensive operations in the country, which include much of Apple Inc.’s supply chain — in comments that came as he said he’d run in Taiwan’s next presidential election.
If China were to confiscate assets of Hon Hai Precision Industry Co., it would hurt the interests of major global pension funds, and “no foreign investor will dare to invest,” he said at the launch of his campaign in Taipei. He also name-checked key customers including Apple, Tesla Inc., Amazon.com Inc. and Nvidia Corp., saying any halt to production due to political pressure would disrupt supply chains, something China would need to explain to the world.
Foxconn Technology Group, the company Gou founded, said in a statement after his remarks that it has more than 800,000 shareholders and is jointly owned by investors at home and abroad. In seeking the presidency, Gou has argued he can improve fractious relations between Taipei and Beijing, and deliver “50 years” of peace. His group’s extensive operations in China have raised concern that Beijing could pressure him through his businesses.
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