Intel (INTC) is reportedly to be considering moving its high-end chip business to China to compete with its long-time rival AMD (AMD).

The plant will make 65-nanometer multi-core processors, and this would be Intel's first such manufacturing facility in Asia. Intel will invest several billion U.S. dollars, the largest investment that it has ever made to China, to build a new factory to specially produce the processors.

Though Intel's business plan is feasible, it may face some limits from the U.S. authorities in exporting this kind of technology to China as 65-nanometer processor is an advanced technology.

Intel China has not made any comment on the report.