Foxconn’s Gou could be responsible for $366 million if his company violates deal with state

Foxconn Chairman and CEO Terry Gou could be on the hook for up to $366 million if the company’s deal with the state goes south.
That’s according to a limited guaranty agreement Gou signed last week that holds him personally responsible for 25 percent of any penalties. Meanwhile, Hon Hai — also known as Foxconn — would cover the remaining three-quarters of the maximum $1.465 billion if the company falls short of job and investments targets, among other things.
The document was part of the open records request obtained following the signing of the Foxconn contract. At least one m...

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