Taiwan's richest man and founder of Foxconn, Terry Gou, has confirmed his bid for the 2024 presidential election. Gou must gather 290,000 petition signatures to officially run as an independent candidate, a task that may prove difficult. Some observers believe that Gou's entry into the race will further divide the opposition vote, increasing the chances of Lai Ching-te of the Democratic Progressive Party (DPP) winning the presidency. Gou has positioned himself as a vote for reconciliation with Beijing and against a potential conflict with China. He trails behind his rivals in recent polls.

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