Taipei, Liu Youngway , who has been chosen to succeed Terry Gou as chairman of Hon Hai Precision Industry Co., said Friday that the company will continue to focus on the development of artificial intelligence (AI) with 8K+5G technology integration.
The term 8K refers to superhighresolution imaging, and 5G refers to the next generation of cellphone technology.
The industrial internet of things (IIoT) will be another important direction for the company as has been laid out by Gou, Liu said.
The newly chosen chairman currently heads Foxconn Integrated Technology Co., a semiconductor subsidiary of the Taiwanbased manufacturing giant best known for assembling iPhones for Apple.
Liu is expected to assume his new position on July 1.
An electrical physics graduate of National Chiao Tung University who has a master's degree in electrical engineering from the University of Southern California, Liu first joined Hon Hai in 2007, where he has focused mainly on semiconductor development.
On Friday, Hon Hai also approved the nomination of a new ninemember management committee.
According to Liu, the ninemember operations committee will operate under the board of directors.
Chen Yikuang chairman of First Capital Management Inc., told CNA that Friday's announcement indicated that Hon Hai is setting up a blueprint for AI 8K+5G, given Liu's background in semiconductor technology and the choice of Lee Chieh an IIoT expert, as vice chairman.
With the expertise provided by the two people in charge, Chen believed the tech giant will accelerate its pace of industrial automation in the near future.
Gou, one of the richest men in Taiwan, announced in midApril his intention to go into politics and participate in the opposition Kuomintang's primary for the 2020 presidential election.
After Liu's election, Gou said he has formally stepped back from front line operations, adding that while he was reluctant to give up the chairmanship, he is determined to work for the future development of the Republic of China.
Source: Focus Taiwan News Channel