The chairman and founder of Taiwan's Hon Hai Precision Industries, the world's largest contract electronics manufacturer, plans to invest $3 billion in biotechnology and medical-related fields after the untimely death of his younger brother.
Terry Gou lost his younger brother, Kuo Tai-cheng, to leukemia earlier this month after a yearlong battle with the disease, the China Times newspaper reported. Kuo was born in 1961.
Gou, Taiwan's second richest man, now reportedly plans to invest in a variety of medical-related fields, and is keenly interested in stem cell research. His younger brother spent much of his time over the last year in hospitals and clinics in Beijing, the China Times says, in search of a cure for his disease.