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If he is selected, Gou will likely face Taiwanese incumbent President Tsai Ing-wen in the 2020 elections scheduled for January 11th.
When he became president, Gou would probably have trouble restoring this relationship, while maintaining Taiwan's traditionally strong ties with Washington.
Foxconn has earned billions by deeply involving in the Chinese economy, where many of its manufacturing plants are located, producing electronics for many American technology companies, including Apple.
Blessings of a goddess
Wearing a bright red vest and a baseball cap with the flag of the Republic of China – the official name of Taiwan – Gou said that Mazu had given him the blessing of his candidacy.
"I am not prepared to accept being nominated (without being elected), I am absolutely not prepared to accept being nominated.If I am elected, I will represent the Kuomintang in the 2020 competition", he declared. "If I'm not elected, it means I have not done enough."
In a statement, Foxconn said Gou would run for the presidency only "if the main process – which is still being determined by the party leadership – is open, transparent and grounded."
"When and if this determination is made, Mr. Gou will appear at the KMT primary to request the nomination of the party to the position of president," said a spokeswoman.
Margaret Lewis, a Taiwanese law professor at Seton Hall University, likened Gou's candidacy to Trump's, and warned against underestimating the Taiwanese billionaire.
"Even though he is obviously flawed in many ways as a candidate, populism can be powerful," she said. "It would be a mistake to treat his race too lightly."
Lev Nachman, an expert on Taiwanese politics at the University of California at Irvine, said Gou had one thing in particular that the KMT needed: funding.
"Terry Gou is one of Taiwan's richest businessmen and would be able to finance his own campaign," he said. "It's a big problem for the KMT right now."
Beijing support?
Despite a civil war with the Communist Party for the reign of China – before the defeat forces the government of the Republic of China to withdraw to Taiwan – the KMT has been in recent decades the party closer ties and a commitment with Beijing.
"Gou is a key player in the Chinese economy and becoming president would put him in a position to bind Taiwan very closely to the Chinese economy in ways that Tsai fought, as his new Southern policy, which aimed to expand Taiwan's trade beyond China, "says Nachman.
Foxconn could also be a potential concern for voters, though.
So far, the company was silent on what a Gou presidential candidate would mean for his relationship with the company he founded.
A spokeswoman said that at present, Mr. Gou remained president and would continue to "provide direction and strategic direction" in seeking the KMT's candidacy.
"That's the million dollar question." To whom is Gou loyal? Taiwan? Foxconn? The two? If the answer is Foxconn or both, it puts Taiwan in a bad position with Gou as president because Foxconn's success is tied, coercively or otherwise, to the Chinese state, "said Nachman.
"In the same way, Trump was only marginally ceded from his assets when he became president, I would not expect Gou to actually distance himself from his (company) )", he added.
"I would be very concerned about Gou's ability to separate his company from his political activities.In view of Foxconn's position within the Chinese economy and Gou's political ideals, I'm not even sure that He can or will do it. "
Seton Hall professor Lewis also warned against the presumption that Gou – or any other KMT president – would be able to magically fix his relationship with Beijing.
"Ma Ying-jeou met Xi Jinping, but I do not think it's fair to compare the Xi Jinping of 2013 with the Xi Jinping of 2019," she said. "He has been able to assume a more assertive stance in recent years."
Can he win?
Gou repeated several times that he did not just want to be anointed as a KMT candidate and that he would fight against the party's main party.
"Han Kuo-yu is a very interesting and unusual person," Lewis said. "He has not defined a clear policy, with a much more showy approach:" I am something different, even if you do not know what that is, "approach."
As mayor of Kaohsiung, Han has intensified his relations with China and should follow a path similar to that of Gou, described by Lewis as "a general desire to build relations with China, particularly in economic terms", and a belief that this commitment can be economically limited. "
"Currently, Han's popularity in Taiwan is unmatched," said Nachman. "Han also showed, especially during his last trip to Hong Kong, that he was, like Gou, willing to form close ties with the CCP and to advocate for a more pro-unification program. . "
Both countries would prefer closer ties with China. Nachman said that it was even possible that they ended up working together on a ticket that could radically transform politics both within the KMT and in Taiwan.
"This would be the most obviously pro-unification team to have ever been seriously considered for the presidential leadership," he said. "This could very much lead to the end of the current status quo as we know it."
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