Terry Gou, Foxconn's founder, had previously failed to secure a nomination from Taiwan's opposition party, Kuomintang, in 2019.
supplier, is in the spotlight as Chinese authorities launch tax and land use probes into several of its facilities. Interestingly, this scrutiny comes just months before Taiwan’s presidential elections, sparking concerns over what this could mean for the island nation’s political future.and is a significant player in the region’s economy. The investigations are concentrated in various provinces, including Guangdong and Jiangsu, according to China’s state-run Global Times.
Given Foxconn’s size and influence, as well as the timing of the investigation, many can’t help but wonder if there’s a political undertone to these actions. Terry Gou, Foxconn’s founder, had previously failed to secure a nomination from Taiwan’s opposition party, Kuomintang, in 2019. With elections on the horizon, Gou’s connections with mainland China have become a hot topic.
Foxconn has been walking a tightrope between its economic interests in mainland China and its origins in Taiwan, a self-ruled territory that Beijing claims as its own. The firm has remained diplomatically neutral so far, stating that compliance with the law is a “basic principle” for its global operations.Gizmochina brings you the best of Chinese Tech from emerging smartphone companies, innovative startups, to crazy smart home products and revolutionary technologies.
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