The founder isn't stepping down or relinquishing his chairmanship, said Louis Woo, special assistant to Gou.
"I will still be involved and be in charge of the company's major directions in the future but I will take a more advisory role on daily operations", Gou said on the sidelines of a forum in Taipei.
Foxconn assembles most of its products in mainland China but many of its gadgets are sold in the United States, leaving it vulnerable to market fallout from the ongoing US-China trade war.
Samsung Galaxy J6 starts receiving Android 9.0 Pie with One UI
Every time you transition from one screen to the next, apps will follow your usage patterns for a seamless experience. Samsung launched a couple of Galaxy J series phones in the U.S. in the past, so it might happen again at some point.
It is unclear how Apple's foray into manufacturing in India will affect its relationship with China, which has been its production hub for years with Foxconn and other partner companies.
There are two assembly sites of Foxconn in Andhra Pradesh and Tamil Nadu, where it also manufactures Xiaomi and Nokia devices.
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 Co Ltd. Foxconn's initial investment will be about $300 million to set up, with lined-up investments depending on capacity expansion.
Alexander Ovechkin Lays Out Andrei Svechnikov in Fight
The fight occurred in the first period of Game 3 of the first round playoff matchup between the Capitals and the Hurricanes. The two traded shots before Washington's captain caught Svechnikov with a firm right that caused him to crumple to the ice.
Gou said that his company is talking with the government about investment terms.
"We are the primary assembler after all", Gou said on Monday.
Producing phones locally would also help Apple's retail push in India.
Portland takes Game 1 against Oklahoma
Damian Lillard of the Blazers reacts after making a shot in a National Basketball Association playoff game against Oklahoma City. Portland led by as many as 19 points in the first half, but the Thunder pulled within 80-77 early in the fourth quarter.
This story has been published from a wire agency feed without modifications to the text.