PM Modi lays foundation stone of chip plant in Noida

In UP, Prime Minister Narendra Modi on Saturday virtually laid the foundation stone of the HCL-Foxconn Joint Venture project – India Chip Pvt. Ltd. – in the Yamuna Expressway Industrial Development Authority (YEIDA), Noida. The establishment of the HCL-Foxconn semiconductor facility marks a significant milestone in India’s journey towards technological self-reliance and reflects the Prime Minister’s vision of positioning India as a trusted global destination for high-end electronics and semiconductor manufacturing. Addressing the gathering through video conferencing, Modi said that the establishment of the HCL-Foxconn semiconductor facility in Uttar Pradesh is a step towards technological self-reliance. It will boost India’s presence in the global chip ecosystem. 

हम सभी के लिए यह गर्व की बात है कि उत्तर प्रदेश भी भारत के Semiconductor Ecosystem का बड़ा सेंटर बनने जा रहा है,

मैं मुख्यमंत्री योगी आदित्यनाथ जी और उनकी पूरी टीम को, यूपी की जनता को बहुत-बहुत बधाई देता हूं: आदरणीय प्रधानमंत्री श्री @narendramodi जी pic.twitter.com/8ZiU2oJRtu

— Yogi Adityanath (@myogiadityanath) February 21, 2026

Speaking on the occasion, Union Minister for Electronics and Information Technology Ashwini Vaishnaw said that in the last 11 years, Prime Minister Narendra Modi has established India as a powerhouse in the field of electronics. He said, earlier the electronics manufacturing was very minimal in the country, but at present, the country is witnessing electronics manufacturing worth 12 lakh crore rupees.He said electronics is the third largest export item of the country, and Uttar Pradesh is a major contributor to it. He said the plant, which is being set up in Noida, will produce 3 crore 60 lakh chips.

Chief Minister Yogi Aadityanath also addressed the gatering. He said PM Modi has established the country as a new hub of emerging technologies.