Foxconn CEO Terry Gou Plans to Step Back, Confirms iPhone Production Will Begin in India

Terry Gou, the chairman and CEO of Foxconn, plans to step back from day-to-day operations of the company in the coming months.

From the South China Morning Post:

"I'm already 69 years old. I hope to pass down my 45 years of experience to young people," said Gou on the sidelines of an event in Taipei on Monday. "That's the goal I set up – let young people learn sooner and take over my position sooner. Then I have more time to make long-term planning for the company."

While it appears that Gou will soon resign as Foxconn chairman, he hopes to remain involved in larger strategic decisions.

Gou, 69, founded Foxconn in Taiwan in 1974. The company has grown to become the world's largest electronics manufacturer, assembling well-known products ranging from iPhones and iPads to the Nintendo Switch and PlayStation 4.

Gou also confirmed that Foxconn will soon begin iPhone production in India, although he did not elaborate on the plans. Last week, a report claimed that Foxconn will begin production of the iPhone X in India this July. Foxconn rival Wistron already assembles older models like the iPhone SE and ‌iPhone‌ 7 in India.

Last week, Apple announced that Foxconn and over two dozen other companies in it supply chain have committed to using 100 percent renewable energy when manufacturing Apple products.

Tag: Foxconn

Top Rated Comments

DVD9 Avatar
26 months ago
When is that factory in Wisconsin going to open?
Score: 4 Votes (Like | Disagree)
jpn Avatar
26 months ago
under Mr. Gou's leadership, Foxconn has been an amazingly successful company.
he and his team were able to really leverage 3 countries's human resources (both labour and management) and political structures.
few companies have ever reached this level of growth.

General Motors was another, in a different age.

we can hope that at least one or two of the new space related companies might be able to achieve this level of greatness.
Score: 3 Votes (Like | Disagree)
Thunderbyte Avatar
26 months ago
Wise leadership!
Well, the folks in Wisconsin would probably beg to differ: https://www.theverge.com/2019/4/10/18296793/foxconn-wisconsin-location-factory-innovation-centers-technology-hub-no-news
Score: 3 Votes (Like | Disagree)
lunarworks Avatar
26 months ago
Say what you will about Foxconn, but this man turned it into a global juggernaut.
Score: 2 Votes (Like | Disagree)
jonnysods Avatar
26 months ago
Wise leadership!

Always wonder what Tim Apple's plans are.
Score: 1 Votes (Like | Disagree)
msp3 Avatar
26 months ago
Why do people praise Foxconn (or want them to build a factory in our country)? Say what you will about them, but Foxconn is fundamentally an outsourcer. i.e. Scummy people who do the dirty work of exploiting others, giving their employer the impression of a "clean operation", all the while extracting massive profits in the middle. Should we praise Deloitte, Accenture, PwC, and their ilk for sending American jobs overseas while making a killing? Does anyone remember when Disney outsourced all their IT workers to India and forced the ones getting laid off to train their own replacements? What's more, Foxconn is only nominally Taiwanese, all of their operations are in China. Who in their right mind wants a company like this to be their local employer?
in the USA, there is no stepping back. only stepping down.
People "step back" all the time. To the board, becoming chairman of the board, etc. Gets you out of the CEO role.
FoxConn CEO Terry Cou plans to retire to ... Wisconsin/s
The irony is most rich and politically connected Taiwanese are green card holders or dual US citizens. It's a running joke every so often it's revealed some politician would get found out and forced to decide which one to keep. The guy probably has a vacation home by the lake...
Score: 1 Votes (Like | Disagree)

Top Stories

samsung experience 1

Samsung's 'iTest' Lets You Try a Galaxy Device on Your iPhone

Thursday April 8, 2021 12:42 pm PDT by
Samsung has launched "iTest," an interactive website experience that's designed to allow iPhone users to test out Android on a Galaxy device, or "sample the other side," as Samsung puts it. Subscribe to the MacRumors YouTube channel for more videos. The iTest website is being advertised in New Zealand, according to a MacRumors reader who came across the feature. Visiting the iTest website on...
sonny 2021 ipad mini pro dummies

Leaked Dummy Units Show iPad Mini 6 With Thick Bezels and Home Button, New iPad Pro Models

Thursday April 8, 2021 2:11 am PDT by
Rumors suggest Apple will release refreshed versions of the iPad mini and iPad Pro models in the first half of this year, potentially as soon as this month, and a new leak today has provided us with a possible preview of what to expect in terms of the devices' overall design and camera prospects. Tech leaker and Apple blogger Sonny Dickson this morning shared images on Twitter showing dummy ...
iMessage Android featured

Apple's Rationale for Not Bringing iMessage to Android Revealed in Legal Documents

Friday April 9, 2021 2:22 am PDT by
It's no secret that Apple sees iMessage as a big enough selling point to keep the service exclusive to Apple devices, however new court filings submitted by Epic Games in its ongoing lawsuit with the company reveal just how Apple executives have rationalized their decision not to develop a version of iMessage for Android. Apple clearly recognizes the power that iMessage has to keep users...
fake airpods 3

Counterfeit 'AirPods 3' Hit the Market Prior to Official Announcement

Friday April 9, 2021 2:45 am PDT by
Apple is expected to launch the third iteration of AirPods in the third quarter of this year. Rumors and reports suggest the new AirPods will feature an updated design more in line with the AirPods Pro, but lacking in "Pro" features such as active noise cancellation. Despite AirPods 3 not yet being officially announced by Apple, counterfeit products of the unreleased earbuds have already hit ...
nba tracking prompt orange

Two-Thirds of iPhone Users Expected to Block Ad Tracking

Friday April 9, 2021 7:19 am PDT by
As many as 68 percent of iPhone users are expected to deny advertisers permission to track them thanks to Apple's App Tracking Transparency feature, in what is beginning to look like a significant blow to the advertising industry (via AdWeek). With the launch of iOS 14.5, apps will have to receive explicit user permission before accessing an iPhone's advertising identifier or IDFA, which is...
iPhone 13 Battery Life Feature

DigiTimes: iPhone 13 Pro Models to Feature 120Hz ProMotion Refresh Rate and 15-20% Less Power Consumption

Friday April 9, 2021 12:52 am PDT by
The two premium "Pro" models of the upcoming iPhone 13 lineup will be equipped with a low-power LTPO display, enabling the iPhones to have a 120Hz refresh rate, according to industry sources cited by Taiwanese publication DigiTimes. According to today's paywalled report, Apple suppliers Samsung and LG Display are in the process of converting parts of their production capacity to produce LTPO ...
ipad pro and macbook pro

iPad and MacBook Production Reportedly Delayed Due to Global Chip Shortage

Thursday April 8, 2021 2:31 am PDT by
Apple is facing a global shortage of certain components for some of its MacBook and iPad models, causing the Cupertino tech giant and its suppliers to postpone production of the products, according to a new report from Nikkei Asia. According to the report, MacBook production is being hindered due to the shortage of chips mounted onto the circuit board before final assembly, which is a key...
ehric

iPhone 12 Mini Missing From Top 5 Best Selling Smartphone List of January 2021

Friday April 9, 2021 4:58 am PDT by
According to market data compiled by Counterpoint Research, Apple's smallest iPhone since the 2016 iPhone SE, the iPhone 12 mini, struggled to obtain a spot in the top five list of best-selling smartphones in January of this year. According to the market data, the iPhone 12 mini came in eighth place for the best-selling smartphone worldwide in the first month of the year. However, the iPhone ...
tmobile 5g modem

T-Mobile Launches Unlimited 5G Home Internet for $60/Month

Wednesday April 7, 2021 2:18 pm PDT by
T-Mobile today hosted an Un-carrier event where the company announced the launch of a a new 5G home internet plan, which is priced at $60 per month and offers unlimited data. The service is available to more than 30 million Americans across much of the United States, including 10 million households in rural areas not typically able to access reliable broadband. Connectivity will be either 4G ...
apple find my network

Apple Announces Find My Network With Support for Third-Party Devices

Wednesday April 7, 2021 10:06 am PDT by
Apple today announced the launch of its Find My network accessory program, which is designed to allow third-party Bluetooth devices to be tracked in the Find My app right alongside your Apple devices. According to Apple, the first accessory companies to take advantage of the new Find My integration include Belkin, Chipolo, and VanMoof, with devices set to be available beginning next week. ...