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
66 months ago
When is that factory in Wisconsin going to open?
Score: 4 Votes (Like | Disagree)
jpn Avatar
66 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
66 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
66 months ago
Say what you will about Foxconn, but this man turned it into a global juggernaut.
Score: 2 Votes (Like | Disagree)
jonnysods Avatar
66 months ago
Wise leadership!

Always wonder what Tim Apple's plans are.
Score: 1 Votes (Like | Disagree)
msp3 Avatar
66 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)

Popular Stories

iPhone 15 Pro FineWoven

Apple Reportedly Stops Production of FineWoven Accessories

Sunday April 21, 2024 6:03 am PDT by
Apple has stopped production of FineWoven accessories, according to the Apple leaker and prototype collector known as "Kosutami." In a post on X (formerly Twitter), Kosutami explained that Apple has stopped production of FineWoven accessories due to its poor durability. The company may move to another non-leather material for its premium accessories in the future. Kosutami has revealed...
Provenance Emulator

PlayStation and SEGA Emulator for iPhone and Apple TV Coming to App Store [Updated]

Friday April 19, 2024 8:29 am PDT by
The lead developer of the multi-emulator app Provenance has told iMore that his team is working towards releasing the app on the App Store, but he did not provide a timeframe. Provenance is a frontend for many existing emulators, and it would allow iPhone and Apple TV users to emulate games released for a wide variety of classic game consoles, including the original PlayStation, GameCube, Wii,...
iOS 17 All New Features Thumb

iOS 17.5 Will Add These New Features to Your iPhone

Sunday April 21, 2024 3:00 am PDT by
The upcoming iOS 17.5 update for the iPhone includes only a few new user-facing features, but hidden code changes reveal some additional possibilities. Below, we have recapped everything new in the iOS 17.5 and iPadOS 17.5 beta so far. Web Distribution Starting with the second beta of iOS 17.5, eligible developers are able to distribute their iOS apps to iPhone users located in the EU...
apple vision pro orange

Apple Vision Pro Customer Interest Dying Down at Some Retail Stores

Monday April 22, 2024 2:12 am PDT by
Apple Vision Pro, Apple's $3,500 spatial computing device, appears to be following a pattern familiar to the AR/VR headset industry – initial enthusiasm giving way to a significant dip in sustained interest and usage. Since its debut in the U.S. in February 2024, excitement for the Apple Vision Pro has noticeably cooled, according to Bloomberg's Mark Gurman. Writing in his latest Power On...
top stories 20apr2024

Top Stories: Nintendo Emulators on App Store, Two New iOS 17 Features, and More

Saturday April 20, 2024 6:00 am PDT by
It was a big week for retro gaming fans, as iPhone users are starting to reap the rewards of Apple's recent change to allow retro game emulators on the App Store. This week also saw a new iOS 17.5 beta that will support web-based app distribution in the EU, the debut of the first hotels to allow for direct AirPlay streaming to room TVs, a fresh rumor about the impending iPad Air update, and...