US creating own supply chain for new battle with China after trade war ends, Foxconn chief Terry Gou says

The US is set to create its own supply chain as it girds for an imminent technology war with China expected to follow the countries’ trade battle, Foxconn's billionaire chairman and aspiring Taiwanese presidential candidate Terry Gou says.

At a news conference in Taipei on Monday, Gou said the markets on the mainland China and in the US would face drastic structural changes as the two superpowers continue fighting – if and when the trade dispute is resolved.

“There will be an avalanche-style of market opening in mainland China, and the US will do all it can to establish a supply chain of its own” as the countries become embroiled in a post-trade war technology confrontation, he said.

Gou, who aspires to be the opposition Kuomintang’s (KMT) candidate in the self-ruled island’s presidential election next year, said last week that even if Beijing and Washington settle their trade war, they would remain locked in a race for top technology – especially in artificial intelligence.

Taiwan, which has close economic ties with both countries, could turn a profit from their hi-tech rivalry, Gou said.