Founder of Apple’s most famous supplier is stepping down

By

Terry Gou
Foxconn founder Terry Gou (right) says he's making the U.S. a bigger focus in 2020.
Photo: Voice of America/Wikimedia Commons

The founder of Foxconn, whose biggest customer, Apple, helped it rise to be the world’s top contract electronics manufacturer, says he plans to step aside to allow a younger executive to take over.

CEO Terry Gou did not give a timeline when he confirmed to a Reuters reporter his plans to resign from the Taiwan-based company he started with a loan from his mom around the same time Steve Jobs launched Apple.

After Trump call, Foxconn recommits to Wisconsin factory

By

Foxconn Wisconsin
Foxconn workers in Shenzhen will not report next week until further notice.
Photo: Foxconn

How a Foxconn factory in Wisconsin takes shape depends on what day of the week it is.

Today, company CEO Terry Gou is committing to a “Gen 6 fab facility” in the dairy state after having a “personal conversation with President Donald Trump.

How many jobs will come with a Gen 6 fab facility or what exactly it will build is not known. A Gen 6 factory typically builds screens for smartphones, tablets and small televisions.

Foxconn says it can’t afford to make TV screens in Wisconsin

By

Foxconn signing
Foxconn and University Wisconsin officials signing a deal for a research center.
Photo: Bryce Richter/University of Wisconsin-Madison

Foxconn, which promised to create 13,000 jobs with a $10 billion factory in Wisconsin, won’t be producing state-of-the-art TV screens here as planned.

The news may not come as a big surprise to critics of the deal, which gave the iPhone maker the richest subsidy package in the state’s history. Foxconn has already forfeited some of those tax credits after it missed 2018 hiring goals.