Foxconn head says he's stepping back from daily operations

TAIPEI, Taiwan (AP) — The head of Foxconn Technology Group says he is planning to step away from day-to-day operations at the world's largest electronics provider but will continue to guide the company's "major direction."

Terry Gou told reporters Monday at an event in Taipei that he wants to work on a book about his management philosophy honed over 45 years and prepare a younger generation to eventually take over operations at the company.

Foxconn counts Apple, Google and Amazon as customers and has said it will build a manufacturing facility in the U.S. state of Wisconsin.

"The major direction of the company will still be guided by me. But I will gradually step back from the front-line operations," the 69-year-old Gou said.

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