Terry Gou exits Taiwan presidential race

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 antagonising China, which claims the island as its own territory.