Terry Gou
| Terry Gou | |
|---|---|
Gou in 2011
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| Born |
Guo Tai-ming October 8, 1950 Banqiao, Taipei County, Taiwan |
| Nationality | Taiwan |
| Occupation | Founder and Chairman of Foxconn |
| Years active | 1974–present |
| Net worth |
 US$6.6 billion (September 2016) |
| Children | 5 |
Terry Gou (Chinese: 郭台銘; pinyin: Guō Táimíng; born October 8, 1950) is a Taiwanese tycoon who is the founder and chairman of Foxconn, a company that does contract manufacturing of electronics for other companies such as Apple Inc. It is the largest electronics manufacturing services company in the world, with factories in several countries, mostly in mainland China, where it employs 1.2 million people and is its largest exporter.
Gou was born in Banqiao Township, Taipei County (now Banqiao District, New Taipei). His parents lived on mainland China's Shanxi Province before they fled to Taiwan in 1949, where Gou was born. His father was a career police officer. As the first child of his family, Gou received education from elementary school to post college. After graduation, he continued to work in a rubber factory, working at a grinding wheel, and medicine plant until the age of 24. Guo has two younger brothers, Tai-Chiang Guo and Tony Guo, who have both become successful businessmen as well.
Terry Guo founded Hon Hai in Taiwan in 1974 with $7500 in startup money and ten elderly workers, making plastic parts for television sets in a rented shed in Tucheng, a suburb of Taipei. A turning point came in 1980 when he received an order from Atari to make the console joystick. He further expanded his business in the 1980s by embarking on an 11-month trip across the US in search of customers. As an aggressive salesman, Guo broke in uninvited into many companies and was able to get additional orders, despite having security called on him multiple times.
In 1988 he opened his first factory in mainland China, in Shenzhen, where his largest factory remains today. Operations in China took on a giant dimension when Guo vertically integrated the assembly process and facilities for workers. The manufacturing site became a campus that included housing, dining, and medical care and burial for the workers, and even chicken farming to replenish the cafeteria.
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