Terry Gou is the founder of Hon Hai Precision, the world's largest electronics contract manufacturer, whose top customers include Apple. He stepped down as the firm's chairman in June 2019, after 45 years at the helm; he remains at the firm as a director. Better known by its trade name, Foxconn, Hon Hai employs roughly a million people. The company bought Japanese electronics maker Sharp and Nokia's mobile phone brand in 2016. In September 2019, he withdrew his bid to run for the 2020 presidential election, a few months after announcing his intention.