India, Feb. 22 -- Prime Minister Narendra Modi and chief minister Yogi Adityanath on Saturday led the foundation stone-laying ceremony for a Rs.3,700 crore semiconductor facility in Sector 28, YEIDA, near the Noida airport, marking a critical step in India's push for self-reliance in the global tech supply chain.

The project, India Chip Pvt Ltd, is a 60:40 joint venture between HCL Group and Taiwan's Foxconn. Billed as Uttar Pradesh's first such project, the 48-acre outsourced semiconductor assembly and test (OSAT) facility - a plant that packages and tests silicon wafers into finished chips - is located near the Noida airport along the Yamuna Expressway.

Modi joined the event virtually at 5.05pm, addressing a gathering of around 1,000 ...