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Foxconn chairman Terry Gou says he aims to step down in the coming months

Lisa Micheal 289 April 14, 2019
Terry Gou, chairman of Foxconn Technology Group, gives a thumbs up as he speaks during a company event in Taipei, Taiwan, on Saturday, Feb. 2, 2019.
Ashley Pon | Bloomberg | Getty Images
Terry Gou, chairman of Foxconn Technology Group, gives a thumbs up as he speaks during a company event in Taipei, Taiwan, on Saturday, Feb. 2, 2019.

The chairman of Taiwan's Foxconn, assembler of Apple's iPhones, told Reuters on Monday he plans to step down in the coming months, saying he wants to pave the way for younger talent to move up the ranks of the company.

Terry Gou, speaking on the sidelines of an event in Taipei, said that while he planned to step down as chairman, he hoped to remain involved in strategic decisions regarding the company's business.

He said his plans would be discussed with the board of Foxconn, the world's largest contract manufacturer, formally known as Hon Hai Precision Industry.