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Terry Gou, founder of Foxconn, withdrew from Taiwan's presidential race, relieving Foxconn of potential political risks in China. The Kuomintang's presidential candidate Hou Yu-ih and his running mate Jaw Shau-kong registered their candidacy for the 2024 election. Business tycoon Terry Gou also dropped out of the race. The upcoming elections in Taiwan will see various candidates compete for the presidency.

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