Reported 8 months ago
Terry Gou, founder of Foxconn Technology Group, has finally reached a stock price goal he set eight years ago. The stock price of Foxconn's flagship Hon Hai Precision Industry Co. closed at NT$200, a milestone Gou had aimed for in 2016. The surge in stock price this year is attributed to investor interest in AI servers and potential Apple Inc. products. Despite stepping down as chairman in 2019, achieving this price level marks a significant achievement for the company he started 50 years ago, showcasing the company's evolution into AI servers and electric vehicles, and reflecting the overall transformation of Taiwan's contract manufacturing industry.
Source: YAHOO