Head of Foxconn announces Taiwan presidential bid

FILE - In this Feb. 2, 2019, file photo, Terry Gou, chairman of Hon Hai Precision Industry Co. Ltd., also known as Foxconn, delivers a speech during the company's annual carnival for employees in Taipei, Taiwan. Gou, head of Foxconn, world’s largest electronics supplier, says Wednesday, April 17, 2019, willing to run in Taiwan presidential primary Wednesday, April 17, 2019. (AP Photo/Chiang Ying-ying, File)

FILE - Terry Gou, chairman of Hon Hai Precision Industry Co. Ltd., also known as Foxconn, holds New Year's lucky charm during the company's annual carnival for employees in Taipei, Taiwan. Gou, head of Foxconn, world’s largest electronics supplier, says Wednesday, April 17, 2019, willing to run in Taiwan presidential primary. (AP Photo/Chiang Ying-ying, File)

TAIPEI, Taiwan – Terry Gou, the head of the world's largest electronics supplier, Foxconn, says he is planning to run for president of Taiwan.

Gou announced Wednesday that he would be putting himself up as a hopeful in the opposition Nationalist Party primary ahead of next year's election.

The Nationalists favor closer ties with Beijing, a policy that accords with Gou's massive business interests in China. Candidates are expected to face a crowded field in the 2020 polls, in which President Tsai Ing-wen of the pro-independence Democratic Progressive Party says she will seek a second four-year term.