According to data from Counterpoint, MediaTek has overtaken Qualcomm has the world's largest vendor of smartphone chipsets by market share. Reports say MediaTek's chips now account for 31% of the overall market, compared to Qualcomm's 29%. While Qualcomm is still the largest seller of 5G-compatible processors, data says over 100 million MediaTek-powered smartphones were sold in Q3 2020, a year-over-year increase of 5%.