April 17, 2019 / 7:37 AM / a month ago

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

FILE PHOTO: Terry Gou, founder and chairman of Foxconn, greets during 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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