Samsung ends Intel's 25-year run as the world's biggest chipsets seller

Intel Corp posted record revenue in 2017, but it wasn’t enough.

Samsung Electronics Co just knocked Intel off its perch as the world’s biggest chipmaker by revenue, a spot the US company has held since 1992. On Tuesday, Samsung reported 2017 chip sales of $69 billion, blowing past Intel’s $63 billion from last year.

The switch underlines how Samsung has transformed itself from a maker of cheap televisions into a pervasive supplier of key components in smartphones and other modern computing devices. It’s also a testament to the growth of memory chips, Samsung’s main market.

Intel, whose processors are the