Hon Hai Technology: Timeline of a New Successor[electronics manufacturing expo news]

26 Jun 2019

First of all, on April 16th, Guo Taiming was asked to resign as the chairman of Hon Hai.Immediately, Hon Hai officially denied that Guo Taiming only hoped to retreat to the second electronics manufacturing expo line.

Later, local media in Taiwan reported that Guo Taiming told the media at the 2019 India-Taiwan Safe Dialogue Seminar that he would consider whether to stand for 2020 in the past two days. If he decides to participate in the election of the leader of the Taiwan region, he will definitely go through the primaries process. Participation in the Kuomintang primary election will definitely go through normal procedures and I hope that tomorrow (April 17) will be able to make a decision.

Guo Taiming said that 2020 is very important to Taiwan electronics manufacturing expos. This election will determine Taiwan's political and economic trends for at least 20 years and is a turning point.

On April 17, the People’s Daily reported that Guo Taiming, chairman of the Hon Hai Group, announced that he would participate in the 1986 primary election of the Kuomintang party leader of the Taiwan region after the KMT Central Party Committee accepted the honorary certificate issued by the party chairman Wu Dunyi.

According to reports, on the morning of April 17, Guo Taiming paid a visit to the Cihui Palace in Banqiao electronics manufacturing expo. After worshipping Mazu, he said at the scene that Mazu asked him to dream and asked him to come out. We must give hope to young people and support peace on both sides of the strait.

Mazu Temple has special significance for Guo Taiming. When he was very young, his family was poor. The family lived in the wing of the Mazu Temple. Therefore, Guo Taiming had deep feelings for the Mazu Temple.

In fact, Guo Taiming has long considered the successors of Hon Hai electronics manufacturing expo.

At the beginning of the 21st century, when Hon Hai made rapid progress, he repeatedly told the outside world that he would retire in 2008, but a financial tsunami pushed him to the stage. Another variable is that in 2007, Guo Taicheng’s third brother, Guo Taicheng, died of illness. Guo Taicheng's personality is similar to that of Guo Taiming, but it is lower-key and more capable. He was once considered the most likely successor. Unexpectedly, the successor problem continues to linger.

Guo Taiming said emotionally that Hon Hai is also the son of his birth. It is his ideal and goal to make it good enough to hand it over, at least for another 50 or 100 years. He didn't want to see that the electronics manufacturing expo company was sold when it was sold. The stock price was only ten or fifteen. "I would rather make a mistake at the age of 58 instead of waiting until I was eighty-eight."

In the face of the same situation, there is also Zhang Zhongmou, founder of TSMC.

Since 2005, TSMC has started the succession mechanism. Due to the poor handling of candidates in the financial crisis, Zhang Zhongmou returned to electronics manufacturing expo battle in 2009. It was not until 2018 that he dismissed the position of chairman and officially retired. At this time, he was 88 years old. Wang Yongqing, the founder of the Formosa Plastics Group, known as the god of management, retired at the age of 89 in 2006.

In 2018, The Economist wrote that the bosses in Taiwan are the oldest in the Chinese electronics manufacturing expo world. For many family businesses, how to lead the business in the future is a big problem.

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