India, March 9 -- The Yamuna Expressway Industrial Development Authority (Yeida) has decided to shift a proposed semiconductor manufacturing facility by Vama Sundari Investments, a joint venture between HCL Group and Foxconn, from Noida Sector 10 to Sector 28, officials said on Friday.

Yeida had previously reserved 48 acres of land in Sector 10 for the manufacturing facility but has been unable to acquire the land so far. So it will allocate 48 acres in Sector 28 instead for the facility. Yeida officials and Vama executives said that Sector 28 also has better infrastructure, making it a more suitable location for the semiconductor manufacturing facility.

"We issued a fresh Letter of Intent (LOI) on Thursday to Vama Sundari Investments, ...