 "The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in Tucheng, New Taipei. Photo: Reuters")
iPhone manufacturer Foxconn is reportedly building hostels for about 60,000 employees near its manufacturing facility in Chennai as it aims to boost the production of Apple devices. In response to the strong domestic demand for Apple products and the company's aim to diversify away from China, "brisk construction" is going on at a 20-acre plot in Tamil Nadu, a report by the Economic Times (ET) said.
