Foxconn elects chip unit head as chairman, replacing Gou

Foxconn elects chip unit head as chairman, replacing Gou
FILE PHOTO: A motorcyclist rides past the logo of Foxconn, the trading name of Hon Hai Precision Industry, in Taipei, Taiwan, March 30, 2018. REUTERS/Tyrone Siu -
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Tyrone Siu(Reuters)
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TAIPEI (Reuters) – Taiwan’s Foxconn said on Friday it named as chairman Liu Young-Way, the current boss of its chip unit, replacing Terry Gou.

Earlier in the day, founder Gou stepped aside, handing over the running of the world’s largest electronics contract manufacturer to a new operations committee as he prepares to contest Taiwan’s presidential elections next year.

(Reporting by Yimou Lee in Singapore; Editing by Himani Sarkar)

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