Gou founded Foxconn in 1974 with a $7,500 loan from his mother and grew it into a global contract manufacturer behemoth.
Foxconn founder Terry Gou has announced his bid to run for Taiwan's presidential election. On Monday, when asked about Beijing's potential retaliation against Foxconn should Gou run for president, he said it would only hurt China's reputation and interests if it confiscated the company's assets. Gou became a shipping clerk for three years after attending naval college and started Foxconn at the age of 23 with a $7,500 loan from his mother. In 1988, Gou set up Foxconn's first factory outside Taiwan in the southern Chinese city of Shenzhen where he provided housing for workers and free breakfasts of one egg for each employee. In 1991, Gou took Foxconn public on the Taiwan Stock Exchange to fund the company's expansion plans. In 2019, Gou announced he was running for Taiwan's presidency because Mazu, a sea goddess, had told him to do so in a dream. Gou even stepped down as the chairman of Foxconn to join the presidential race at the time.