April 17, 2019 / 7:45 AM / 4 days ago

Foxconn's Gou announces bid to run in Taiwan's 2020 presidential race

Terry Gou, founder and chairman of Foxconn, attends an event that marks the 40th anniversary of the Taiwan Relations Act, in Taipei, Taiwan April 16, 2019. REUTERS/Tyrone Siu

TAIPEI (Reuters) - Terry Gou, chairman of Apple supplier Foxconn, said on Wednesday he will contest Taiwan’s 2020 presidential election, shaking up the political landscape at a time of heightened tension between the self-ruled island and Beijing.

Gou, Taiwan’s richest person with a net worth of $7.6 billion according to Forbes, said he would join the already competitive race, and would take part in the opposition, China-friendly Kuomintang party’s primaries.

His bid, which requires KMT approval, comes at a delicate time for cross-strait relations and delivers a blow to the ruling pro-independence Democratic Progressive Party, which is struggling in opinion polls.

Reporting By Yimou Lee; Writing by Anne Marie Roantree; Editing by Robert Birsel

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