The founder of a key Apple supplier said the US stock market would collapse in '10 seconds' if war broke out in Taiwan. He deleted the comment within

Terry Gou has mentioned that if there were to be a conflict on the Taiwan Strait, the US stock market would experience a sudden crash within a span of 10 seconds. The founder of Foxconn also emphasized that Taiwan's position in the global economy is exceptionally significant, surpassing that of Ukraine. Considering that Taiwan serves as the leading chip provider worldwide, any potential war between China and Taiwan would result in noteworthy ramifications.

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The CEO of a crucial Apple supplier expressed concerns about potential catastrophic consequences for the financial industry if a conflict erupted in Taiwan.

According to a translation by Insider, Terry Gou, a billionaire from Taiwan, shared on his Facebook page that should a conflict emerge in the Taiwan Strait, it wouldn't require a significant amount of time for the Wall Street stock market to crumble. Surprisingly, though the post seems to have been removed by Thursday morning, a preserved version can still be accessed.

Gou, the 72-year-old creator of the manufacturing powerhouse Foxconn, penned the article following a rendezvous with Thomas Friedman, a renowned columnist from The New York Times.

According to him, he informed Friedman about the significant significance of Taiwan's involvement in the worldwide economy in comparison to Ukraine, which presently finds itself entangled in a conflict with Russia. China asserts its ownership over Taiwan, a nation that governs itself and occupies the position of being the leading supplier of computer chips globally. In response, China has been intensifying its military exercises in the vicinity of the island.

According to Gou, Taiwan has the potential to sustain itself in a conflict for approximately three months. However, he emphasized that such a scenario would have a massive and instantaneous repercussion on the global economy and financial markets.

Gou established Foxconn, which is also recognized as Hon Hai Precision Industry, back in 1974. His net worth amounts to almost $7.2 billion, with a significant part of his riches obtained from his ownership of 12.6% of the shares in Foxconn's publicly traded segment, as reported by the Bloomberg Billionaires Index.

The billionaire's remarks concerning the political tensions in the Taiwan Strait surface amidst conjecture about his aspirations in the political realm.

The big business leader resigned as Foxconn's chairman in 2019 to pursue a campaign for Taiwan's presidency. However, he withdrew from the competition when he couldn't secure the nomination from KMT, the primary opposition party in Taiwan. This year, he made another attempt, but his bid fell short once again as he failed to secure the party's nomination for the second time.

Last month, experts informed the South China Morning Post that Gou could potentially pursue the position of president.

Gou did not promptly reply to a comment inquiry.

The upcoming Taiwan presidential election has been slated for January 13, 2024.