Tech giant Samsung has recently took over Intel’s 24-year-old position as the world’s largest chipmaker.

While Intel earned $14.76 billion in chip sales, Samsung earned $15.8 billion during the same period. Intel only used to create chips for personal computers whereas; Samsung has a diversity of gadgets for its chip offerings. Samsung embedded its chips not only in mobile phones but also in servers and also connected chips for IoT and smart vehicles.

Though Intel had been the world’s biggest chipmaker since 1992, the development in technology led to the decline in personal computers which in turn led to a decline in the sale of Intel chips. Besides, Samsung also plans on spending further $18 billion in order to advance its chip making business, according to Forbes.

Furthermore, Intel previously claimed that the next generation of its long-delayed Cannon Lake 10 nano-meter chips will have double transistors than the competitor tech giants including Samsung or TMSC, which will put Intel ‘light years’ ahead of them, reported Engadget.