Intel Corporation announced an upgrade worth 5.5 billion U.S. dollars for its first Asian chip plant in Dalian, a port city in northeast China's Liaoning Province, on Wednesday.

The U.S. computer chip giant said the upgrade will allow the plant to produce nonvolatile memory modules based on 300-millimeter integrated wafers by the end of 2016.

President of Intel China Ian Yang said it is an important move by Intel to showcase its long-term commitment in China.

"It is so far Intel's biggest investment project in China. With the project, Intel plans to introduce its newest technology," he said.

He said Intel will introduce its latest memory technology jointly developed with American multinational firm Micron Technology to the upgraded production line in Dalian.

Intel's Dalian plant, with more than 1,100 employees, began production in 2010. It produces chipsets for laptop computers, high-performance desktop PCs and powerful servers. Endi

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