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Taiwan’s ruling party was confused by local votes.Former Tech Billionaire Terry Gauss Foxconn Executive Elected Chip Hub Mayor

 


Taiwan’s President Tsai Ing-wen resigns as Democratic Party president [+] Progressive Party, Taipei, Taiwan, 26 November 2022. A more local issue. (AP Photo/Chiang Ying-ying)

Copyright 2022 The Associated Press. All rights reserved.

Ang Kao, a former executive at Taiwanese billionaire Terry Gou’s flagship electronics business, is a global chip-making hub as voters gave the ruling Democratic Progressive Party a major setback in Saturday’s local elections. He was elected mayor of Hsinchu City.

Taiwan’s President Tsai Ing-wen, who was ranked ninth on Forbes’ list of the world’s most influential people in 2021, announced the DPP on Saturday after her main opposition party, the Chinese Nationalist Party (KMT), won major local elections. resigned as chairman.

The DPP won only five mayoral or county magistrate seats, down from the previous seven. The largest opposition party, the Chinese Nationalist Party (KMT), won 13 of the 21 races.

Military tensions between Taipei and Beijing flared up in August after U.S. House Speaker Nancy Pelosi visited Taiwan and met with Tsai. It claims sovereignty over Taiwan, an autonomous democratic nation. Polls show that locals prefer the status quo. While Tsai sought to build support based on Beijing’s recent threats, voters on Saturday focused primarily on local issues, including dealing with the pandemic, political analysts said. is in his four-year term in office and is ineligible to run for re-election in the next presidential election in 2024.

Gao, also known as Gao Hong-an, who at age 38 is Taiwan’s youngest mayor, received 98,121 votes, or 45% of the total, beating out DPP rival Shen Hui-hung (35.7%, Taiwan) and Hsinchu’s mayor. I won the election. media reported. Emphasizing her technical background, she headed the Taiwan People’s Party (TPP), a political party founded in 2019, according to Central News Agency. Gou is the founder of Hon Hai Precision, an Apple supplier to one of the world’s largest electronics manufacturers. He is worth $6.1 billion today on the Forbes Real-Time Billionaires List. Hon Hai Precision is better known by its trade name Foxconn.

In 2019, following speculation that Gou himself would run for president in the 2020 election, the big shot issued a statement that he would not be running just before the deadline for submissions.

In this image created from video, Terry Gou, head of the world’s largest electronics supplier… [+] Foxconn gestures at a press conference at KMT headquarters in Taipei on April 17, 2019. Gou said he plans to run for president of Taiwan, bringing his pro-business and pro-China policies to a field expected to be crowded in the upcoming presidential election. election of the year. He later decided not to run. (AP Photo/Johnson Lai)

Copyright 2019 The Associated Press. All rights reserved.

Kao began its political career in 2019 as an aide to Gou in the KMT’s presidential primaries, and later topped the TPP’s parliamentary list of popular candidates in the 2020 parliamentary elections on Gou’s endorsement. , CNA reported. Kao worked at the government-funded Information Industry Research Institute (III) before becoming head of Hon Hai’s Big Data Office in 2018. She said the news agency.

Hsinchu has a population of over 450,000 and is home to large Taiwanese semiconductor companies such as Taiwan Semiconductor Manufacturing (TSMC), GlobalWafers and United Microelectronics.

Kao won despite allegations of wrongdoing. Saturday’s election results showed III her lawsuit against Kao and an ongoing investigation into her allegations that she misappropriated public funds as an MP did not undermine her support. , reported her CNA.

Gous Hon Hai, one of Apple’s main iPhone suppliers, has been in the news this week following violent protests at one of China’s largest manufacturing facilities. (See related article here.)

Voters in Taipei, Taiwan’s business and political capital, have elected Kuomintang member Wayne Cheng Wan-an, the 43-year-old great-grandson of Taiwan’s martial law leader Chiang Kai-shek, as mayor. Mr. Chen Shi-chung, the defeated DPP Taipei mayoral candidate, is a former health minister. I lost the election because I couldn’t stand Covid policies.

Chen Wan-an, Kuomintang candidate for mayor of Taipei, celebrates with supporters after winning… [+] Taipei mayoral election held in Taipei, Taiwan, Saturday, November 26, 2022. Chiang Kai-shek’s great-grandson has declared victory in the Taipei mayoral election. Taiwan will hold local elections on Saturday, likely forming a race to replace a China-skeptic president. , Tsai Ing-wen, more than a year.Photographer: Ram Yik Fei/Bloomberg

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Taiwan and the mainland differ in many ways, but frustration over the Covid chaos, which is about to enter its fourth year, is one area where public opinion on both sides appears to be aligned.

See related articles:

US firms in China worry Covid surge hurts outlook after bright G20 meeting

Taiwan should try to resume low-level talks with Beijing, ex-Taiwan foreign minister says

Asian Powerwoman Doris Su Discusses GlobalWafers’ New $5 Billion Factory in Texas

Bankers of Taiwanese billionaire families worried but not scared amid rising military tensions with Beijing

@rflannerychina

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2/ https://www.forbes.com/sites/russellflannery/2022/11/26/taiwan-ruling-party-drubbed-in-local-vote-ex-exec-at-tech-billionaire-terry-gous-foxconn-elected-chip-hub-mayor/

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