Standard of Excellence: Turning Negative Customer Feedback Into Positive Outcomes
Smart Automation: The Growing Role of Additive Manufacturing
Global Citizenship: Redefining Connection and Responsibility in Digital Transformation
Foxconn Founder Terry Gou Steps Down as Director
September 7, 2023 | FoxconnEstimated reading time: 1 minute
Terry Gou, Founder of Hon Hai Technology Group (Foxconn), resigned as a director of the company due to "personal reasons".
The company has always aimed to improve corporate governance. Among the 9 directors of the current board of directors, more than half, or 5 seats, are comprised of independent directors. Following, Mr Gou’s resignation as a director, there is no need to immediately elect a director.
Gou founded Hon Hai Precision Industry Co Ltd – Foxconn’s formal name – 49 years ago. Under his leadership, the Group deepened R&D, innovated business models, and became the world's largest electronics manufacturing services (EMS) company. The Group is deeply grateful to the Founder for his nearly half-a-century of contribution to the Group, as well as the global electronics industry.
Gou officially handed over leadership of the Group to a professional manager four years ago. Hon Hai Technology Group (Foxconn) has continued to grow and thrive from its original, solid foundation. Last year, revenue exceeded NT$6 trillion and the company issued a record cash dividend since it first went public in 1991. It has been a positive example of succession among large global enterprises.
In addition to deeply cultivating the existing electronics industry, Foxconn also continues to transform. After Chairman and CEO Young Liu took over four years ago, his vision of three industries (electric vehicles, digital health, robotics) plus three core technologies (artificial intelligence, semiconductors, and next-generation communications) has been the main driver for the Group as it enters the next 50 years. The Group’s ”share, collaborate, thrive” proposition leverages its global standing to assist the 24 regions it operates in to bring local economic development and high-quality employment opportunities. No matter in the past or going forward, this is paving the way for the Group’s sustainable development and is also the greatest contribution in lifting the well-being of humanity.
Share on:
Suggested Items
IPC Strengthens Global Leadership Team with Addition of Joe Schneider as Vice President of U.S/Canada
04/25/2025 | IPCIPC, the global electronics association, announces the strategic appointment of Joe Schneider as vice president of U.S./Canada. This newly created executive position underscores the association’s commitment to championing the electronics industry's critical contributions to this region’s innovation and economic growth.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
04/25/2025 | Nolan Johnson, I-Connect007I’m highlighting a discussion on the positive potential coming from the recent changes in global trade policy—from IPC’s Government Relations team, and from TTM CEO Tom Edman. In the realm of designers and purchasers realm, there’s news from Screaming Circuits and ASC/Sunstone Circuits to share. Finally, additive manufacturing and the release of CFX 2.0 highlight just some of the news coming to the shop floor as well.
KYZEN Focuses on Aqueous Cleaning and Stencil Cleaning at SMTA Wisconsin
04/24/2025 | KYZEN'KYZEN, the global leader in innovative environmentally responsible cleaning chemistries, will exhibit at the SMTA Wisconsin Expo and Tech Forum, scheduled to take place Tuesday, May 6 at the Crowne Plaza Milwaukee Airport. KYZEN will be on-site to provide attendees with information about aqueous cleaning chemistry AQUANOX A4618 and stencil cleaner KYZEN E5631J.
TRI at SMTA Wisconsin Expo 2025
04/24/2025 | TRITest Research, Inc. (TRI), the leading test and inspection systems provider for the electronics manufacturing industry, will join the SMTA Wisconsin Expo 2025.
Real Time with... IPC APEX EXPO 2025: Empowering IPC North Asia—Leadership and Future Goals
04/24/2025 | Real Time with...IPC APEX EXPONolan Johnson catches up with Sydney Xiao, the IPC North Asia President, who leads a team covering China, Taiwan, Japan, and Korea. IPC's North Asia regions 800 members are focusing on standards, training, and advocacy to enhance quality and profitability. The adoption of IPC standards by Toyota in 2021 highlights this increased regional engagement. IPC prioritizes workforce development, with over 7,000 professionals in certification programs and school partnerships.