Chairman of Foxconn, a major Apple manufacturer, says he aims to step down in coming months

The chairman of Taiwan's Foxconn, assembler of Apple's iPhones, told Reuters on Monday he plans to step down in the coming months, saying he wants to pave the way for younger talent to move up the ranks of the company.

Terry Gou, speaking on the sidelines of an event in Taipei, said that while he planned to step down as chairman, he hoped to remain involved in strategic decisions regarding the company's business.

He said his plans would be discussed with the board of Foxconn, the world's largest contract manufacturer, formally known as Hon Hai Precision Industry.

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