Foxconn Technolgy Group has elected a new chairman, Young Liu, succeeding Terry Gou, who has stepped down to facilitate his bid for Taiwan’s presidency.
Liu was elected by the Foxconn’s new board of directors formed after the company’s shareholders meeting on June 21.
Gou presided over the shareholders’ meeting – his last as chairman – at the beginning, but left shortly after delivering an opening address. The rest of the meeting was presided over by Lu Fang-ming, a member of the newly formed decision-making committee for the post-Gou era at Foxconn.
Gou remains on the board of directors.
Liu, 63, founded Young Micro in the US marketing own-brand motherboards. After Young Micro was bought by Foxconn in 1994, Liu founded ITE . He then founded a northbridge and southbridge IC design house, ITE, which is now the Taiwan-based ITE Tech.
In 1997, he founded ADSL IC design company, ITeX, and he became general manager of audio IC design company, PTC, in 2003.
Liu joined Foxconn in 2007, as a special assistant to the chairman. But later he became president of Foxconn’s CISG unit in charge of channel and innovative services, mainly promoting Foxconn-branded motherboards.
Although Foxconn’s own-brand motherboard business did not take off, Liu’s has managed to establish a firm place in the company. In 2009, Liu, who was at the time in charge of development of smart products, steered the company twoards adopting the Arm architecture rather than Wintel that was embraced by PC brands. The low-price products won a firm foothold on the mafrket.
In 2010, he headed the innovative digital product business unit – which is now Foxconn’s B sub-group – switching from hardware to software and applications.
In 2014, Liu became chairman of Socle, which is wholly-owned by Foxconn, beginning his stint as leader of Foxconn’s semiconductor business. As Foxconn turned aggressive in the semiconductor sector, he became head of Fosconn’s S Subgroup, which is in charge of semiconductor development.―Digitimes