18:02:29 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Apple CDR (CAD Hedged)
Symbol AAPL
Shares Issued 7,450,000
Close 2023-08-28 C$ 26.88
Market Cap C$ 200,256,000
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Globe says Apple partner Gou runs for Taiwan leadership

2023-08-29 07:58 ET - In the News

The Globe and Mail reports in its Tuesday edition that billionaire Terry Gou has announced an independent bid to become Taiwan's next president, ending months of speculation and expanding an already crowded field in the campaign to succeed current leader Tsai Ing-wen. The Globe's James Griffiths writes that Mr. Gou, the founder of Apple supplier Foxconn, has long dallied with presidential politics, twice running to be the candidate of Taiwan's main opposition party, the Kuomintang. After losing his most recent bid in May, he stoked speculation that he would run as an independent, even though doing so risks splitting the vote and ensuring a win for Ms. Tsai's chosen successor, Vice-President William Lai. January's election comes amid escalating tensions between Taiwan and China, which claims the island as its territory and has vowed to seize it by force if necessary. Speaking Monday, Mr. Gou said the ruling Democratic Progressive Party had led Taiwan "towards the danger of war. ... I will never let Taiwan be the next Ukraine." Foxconn, one of the world's largest electronics manufacturers, has major operations in China, and Mr. Gou has long touted himself as the best person to navigate Taiwan through U.S.-China tensions.

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