Gou
Tai-ming was born on
October 8, 1950 in Banqiao Township, Taipei Country, Taiwan. His parents lived
in Shanxi Province in mainland China before fleeing to Taiwan in 1949. After
graduating from college Gou continued his work in a rubber factory, working at
a grinding wheel, and medicine plant until 24 years of age.
In
1974 Gou Tai-ming who is also known as Terry Gou founded Hon Hai Precision in
Taiwan with $7,500 in startup money and ten workers. The company made plastic
parts for television sets in a rented shed in Tucheng, a suburb of Taipei. In
1980, a turning point came when he received an order from Atari to make
connectors to the console joystick.
Today,
Hon Hai Precision better known by its trade name Foxconn is the world’s largest electronics
contract manufacturer and a key supplier to Apple as well as HP, Sony and
Nokia. It has factories in a number of countries, most are in mainland China,
where it employs 1.2 million people and is its largest exporter. Terry owns 13 percent of the public company
and is a billionaire. Hon Hai Precision recently registered sales of $127
billion.
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