Samsung has knocked Intel from the top spot in chip manufacturing revenues, driven by demand for smartphone chipsets.
The Korean tech giant revealed 2017 chip sales of $69bn, which was marginally better than $62.8bn for Intel, Bloomberg reported.
Samsung has transformed its position in the chipmaker industry from focusing on televisions to becoming a key supplier of components in smartphones and other computing devices. Intel still reported a successful year as its sales grew 6%, and despite its chips being embedded in 90% of the world's computers, the smartphone industry is continuing to boom. An area that Intel missed the mark.
2017 was also a troubling time for Intel as the company was hit with Spectre and Meltdown vulnerabilities, which left computers open to hacking attempts. Additionally, Microsoft muttered support for Qualcomm's Snapdragon-powered 10 PC's which it said provided better power efficiency.
This year, Samsung will continue its focus on chipsets, cloud, AI/IoT and automotive, along with plans to release a foldable smartphone.
Samsung's report also revealed its predictions for the first quarter, saying it "expects the mobile business to improve its earnings, led by an increase in sales of flagship products with the launch of Galaxy S9."