Education
Terry had to work part time to support himself through the then newly founded China Marine Junior College, which was later reorganized and upgraded to Taipei College of Maritime Technology to offer four-year courses.
founder and chairman of foxconn tycoon
Terry had to work part time to support himself through the then newly founded China Marine Junior College, which was later reorganized and upgraded to Taipei College of Maritime Technology to offer four-year courses.
Gou founded Hon Hai in Taiwan in 1974 with $7500 in startup money and ten 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 connectors to the console joystick. He further expanded his business in the 1980s by embarking on a 11 month trip across the US in search of customers. As an aggressive salesman, Gou dropped in unannounced on companies and was able to get additional orders.
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 Gou vertically integrated the assembly process and facilities for workers. The manufacturing site became a campus that included housing, dining, and medical care for the workers, and even chicken farming to replenish the cafeteria.
In 1996, Hon Hai started building chassis for Compaq desktops. From this turning point, he gained other customers for building the bare bones chassis including HP, IBM, and Apple, and would go on to grow into a consumer electronics giant within years.
Hon Hai-better known as Foxconn-manufactures the world's favorite gadgets, including the iPad, iPhone, Kindle, Xbox, PlayStation and Wii. Gou's factories assemble around 40% of the world's consumer electronic products, but at a cost-extensive allegations of unfair and unsafe labor practices. Terry now owns 30% of the public company and was ranked 179th on Forbes magazine's 2011 list of the world's richest people, with a net worth of United States$5.7 billion.
“Everyone thinks that spend money is a kind of enjoyment. I think spend money is a kind of pursuit. This is my philosophy.” Terre Gou
Quotations: 'A leader must have the decisive courage to be a dictator for the common good.' , 'Behind every accomplished disciple, there is a stern mentor.'
