ZHENGZHOU CITY -- Foxconn is nearing completion on the first phase of a massive campus in this northern China city and will hire more than 140,000 workers in the coming year, a local news source is reporting.

The 140 hectacre campus will be surrounded by more than 30 suppliers to the world's largest ODM/EMS company, Chinanews.com says.

The company will situate some 68 dormitories on or near the site, sources told Chinanews.

The site is expected to produce $75 billion in revenue over the first five years, the source indicated.