The billionaire founder of tech giant Foxconn, Terry Gou, has announced he will run for president of Taiwan as an independent candidate, pledging to fix cross-strait relations and boost Taiwan’s economy.

At a press conference on Monday, Gou – a well-known and outspoken businessman – announced what he called “the era of entrepreneurs’ rule”.

“I have decided to join the 2024 presidential race,” he said, touting his business and finance experience, including dealings with China.

“Give me four years and I promise that I will bring 50 years of peace to the Taiwan Strait and build the deepest foundation for the mutual trust across the strait … Taiwan must not become Ukraine and I will not let Taiwan become the next Ukraine.”