Terry Gou Withdraws From Taiwan President Race, Bringing Relief to Foxconn

TAIPEI—Terry Gou, the billionaire founder of tech giant Foxconn, on Friday withdrew from the race to be Taiwan’s next president, bringing a sense of relief to the major Apple supplier and iPhone manufacturer, sources said. Gou announced his bid in August, saying he wanted to unite the opposition and ensure the island did not become “the next Ukraine”, blaming the ruling Democratic Progressive Party (DPP) for taking Taiwan to the brink of war by antagonizing China, which claims the island as its own territory. Gou, who only got the go-ahead from the election commission last week after collecting enough valid signatures to run as an independent, said in a statement he was “withdrawing his body but not his spirit”....