iPhone Maker Braces for China’s Ire Over Founder’s Taiwan Presidential Bid

Foxconn Technology, one of Apple’s biggest suppliers, said it has contingency plans in case the company faces repercussions in China over its founder’s bid for the Taiwan presidency. 

Terry Gou, who has stepped down from executive roles at the company but still holds more than 12% of its shares, qualified on Tuesday to run January’s poll after the election commission said he had obtained more than 900,000 valid voter signatures, three times the number required to become a candidate.

Foxconn Technology, one of Apple’s biggest suppliers, said it has contingency plans in case the company faces repercussions in China over its founder’s bid for the Taiwan presidency. 

Terry Gou, who has stepped down from executive roles at the company but still holds more than 12% of its shares, qualified on Tuesday to run January’s poll after the election commission said he had obtained more than 900,000 valid voter signatures, three times the number required to become a candidate.