Some time ago, news about Terry Gou's retirement was spreading. After all, Terry Gou is nearly 70 years old, and he has recently stated that he will abandon business and enter politics!
The founder of Hon Hai is Terry Gou, who has been in charge of the company for 45 years and has more than 1 million employees worldwide. Although it is the world's largest foundry, Terry Gou has begun to seek transformation for Foxconn a few years ago.
According to statistics from interface data, in 2001, Terry Gou first expressed his intention to retire in 2008. In the following 19 years, he publicly made retirement remarks many times, such as "postponing retirement until the age of 70 (2020)", "do not talk about retirement lightly", "I will retire soon", "will never retire within 5 years", etc., and revised the "retirement plan" at least 6 times.
So why is the issue of Terry Gou's retirement being mentioned again now? Terry Gou said before that he had begun to train a successor, but would not consider retiring within five years. But then Terry Gou said he would give up business and enter politics!

Who will become Terry Gou's successor?
If Terry Gou really chooses to retire at the end of the year or early next year, then who will become Terry Gou's successor?
Regarding this question, the media gave the answer. Candidates for Foxconn’s new board members include Terry Gou and Liu Yangwei, as well as Sharp Chairman Dai Zhengwu and Foxconn Internet Technology Co., Ltd. Chairman Lu Songqing.
There are also four people including Dai Zhengwu, Lu Fangming, Lu Songqing and Huang Qiulian. But Terry Gou once again released a smoke bomb and said: "The more fiercely I scold him, the more likely he is to be his successor. The successor is definitely not the group of people who started my business with me. They are too close in age. I must be someone who is 20 years older than me."
Why does Terry Gou prefer young people? To put it bluntly, Terry Gou is transforming Foxconn into AI. AI technology is easier for young people to get started with. This is like why Ren Zhengfei requires that the successor must understand technology!

Foxconn’s contribution
Over the past 30 years, Foxconn has taken root in Shenzhen, cultivated intensively, and continued to advance in openness and tolerance. In the future, more intelligent manufacturing and R&D centers will be located in Shenzhen, which will undoubtedly be beneficial to the future development of Shenzhen.
As Terry Gou said: He did not buy a house in Shenzhen, but he allocated thousands of houses to his employees in Shenzhen.
The domestic industrial Internet market size is expected to exceed US$120 billion in 2020. The radical Terry Gou believes that the platform value of the industrial Internet will be 100 times that of the consumer Internet, so he is betting heavily on this. Fii, a mainland-listed industrial company, has become a key part of this. If Terry Gou is right, how many industrial chains will Foxconn have to drive?

As we all know, many companies in China are family companies. Terry Gou once said: Neither his son nor nephew will take over. This reminds me of Wang Jianlin again. Earlier Wang Jianlin said: It is not necessary to give to Wanda to Wang Sicong, maybe it is just a sector. Looking at Wang Sicong's own development, it seems that he has no intention to take over Wanda Group . After all, young people always have their own ideas.
Why are most of the rich second generation unwilling to take over?
1. Unlike the second-generation environment, most of the first-generation founders of family businesses established businesses for survival. However, the second generation grew up in an environment with superior material life, and survival is no longer a top priority. Compared with their "grassroots" parents, they lack the spirit of hard work and entrepreneurship.
2, combined with the overall environment, times are constantly changing, and the business that our parents are good at is. When it comes to it, you may not necessarily be good at it, or you may not like it!
3. What are young people? Young people are those who have dreams and dare to act.