Terry Gou, Foxconn founder announces run for Taiwan presidency during a press event in Taipei.
Foxconn founder Terry Gou announced his bid for Taiwan's presidency.
  • Foxconn founder Terry Gou announced he's running in Taiwan's presidential election.
  • Gou said Beijing would not be able to influence him despite Foxconn's vast business in China.
  • Gou said investors would lose confidence in China if the country confiscated Foxconn's assets.

Terry Gou, the billionaire founder of Foxconn — a key supplier to Apple — has thrown his hat into the ring for Taiwan's presidential election.

He is betting on his business ties in his bid for the island's top job. Gou said Beijing — which claimed self-ruled Taiwan as its territory — wouldn't be able to use the businessman's vast empire to influence him.