Samsung, the South Korean technology hardware giant - so used to being cast as "the world's second-biggest memory chip seller" - has taken the leading position in the global semiconductor market.
Samsung Electronics announced that its semiconductor division made revenue of $69bn in 2017, beating the $62.8bn reported by former number-one Intel.
While Samsung's quarterly results during 2017 showed it was beating Intel, the full-year win confirmed the Korean group's dominance in the chip sector.
Chip boom to continue
The company said it expected the memory chip boom to continue into 2018, but that it expected currency headwinds as the Korean won trades at a three-year high against the US dollar.
"Looking ahead, the first quarter, despite being a traditionally slow season, is expected to show strong demand for memory products used in datacenters," the company said in a statement.
Overall group operating profit at Samsung Electronics jumped 64% to Won15.2tn ($14.1bn) in the fourth quarter of 2017. Total sales rose 24% to Won66tn.
Full-year operating profit climbed 83% to Won53.7tn on sales growth of 19% to Won239.6tn.
Shares in Samsung Electronics made subdued gains, likely due to the clouded outlook. The shares rose 0.2% to Won2,495,000.