(Yicai Global) May 13 -- Foxconn, the world's largest contract manufacturer, has withdrawn from commenting on a report about its chip business chief Liu Young taking over Terry Gou as a chairman due to the latter's aim to become Taiwan's next leader. 

Foxconn, officially known as Hon Hai Precision Industry, will comply with rules regarding information disclosure of Gou's personal career plans, National Business Daily reported today, citing the Taipei-based firm.

The company intends to replace Gou with Liu who is a board member of Foxconn's Japanese electronics unit Sharp, Reuters reported today, citing two people with direct knowledge of the matter. Liu has headed the firm's chip business since 2017. 

Editor: Emmi Laine