TAIPEI - The chairman of Taiwan’s Foxconn, an assembler of Apple Inc’s iPhones, said on Monday he plans to step down in the coming months to pave the way for younger talent to move up the company’s ranks.
Terry Gou, speaking on the sidelines of an event in Taipei, said that while he planned to resign as Foxconn chairman, he hoped to remain involved in strategic decisions regarding the company’s business. Gou said his plans would be discussed with the board of Foxconn, formally known as Hon Hai Precision Industry Co Ltd, in the coming months and shareholders would be told at the AGM in June.
The news comes as tech companies are seeking to diversify their customer base and move into emerging industries such as artificial intelligence and autonomous driving. Foxconn acquired control of Japan’s Sharp Corp in 2016 to try to boost the Taiwanese company’s advanced screen technology.
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