Greater Noida, June 11 -- The Yamuna Expressway Industrial Development Authority (YEIDA) has issued a letter of intent for the establishment of a second semiconductor unit in the region.

On Tuesday, YEIDA CEO Dr. Arunveer Singh handed over the letter to Sanjay Viswanathan, Chairman of Addict Semiconductor Pvt. Ltd., for 12 acres of land in Sector 10.

The company plans to invest Rs.3,000 crore in the YEIDA region and aims to create employment for 1,800 individuals.

The unit will manufacture sensor fabs, with an estimated annual production of Rs 25 crore worth of sensors.

The proposal will now be sent to the state and central governments for final approval.

YEIDA is developing the area as a semiconductor manufacturing hub. After Vama S...