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Terry Gou Says 2018 Was Worst Year in Past Decade, Outlooks 2019 Recovery
February 18, 2019

At a recent Foxconn event Chairman Terry Gou said that what counts most is confidence, hoping all employees have confidence in themselves, the company and the global economy. In 2019 Foxconn will continue to leverage its advantages in the manufacturing sector to develop new businesses mainly associated with new technologies, he added. Gou says that the global economy will be divided into two major camps: a free economy and trade area led by the US, and a regional economic zone headed by China with a 1.3 billion population. Foxconn now maintains investments in both areas, which, together with its investment in Japan's Sharp, will usher in positive business development for the entire group. He maintained that Foxconn would continue with its construction plans in Wisconsin. The Foxconn chair said he and president Donald Trump had just exchanged views on the Wisconsin project and concluded that it will focus on the production of 6G TFT LCD panels.
Foxconn's annual revenues had kept expanding from NT$2 trillion (US$64.89 billion) recorded 10 years ago to NT$5.4 trillion in 2018, with the figure adding up to US$6.1 trillion if revenues from Innolux are included. Gou said 2018 may have been the worst year in the past decade, but 2019 will certainly be the best in the next 10 years. He added that Foxconn's strategy for the next decade is to continue long-term investment in talent cultivation and technology development.