According to a recent report from iSuppli, Qualcomm ascended to the top ten ranks of the global chip industry in the second quarter. This is the first time a fabless company has achieved this distinction. Specifically, the company rose to the ninth position among global semiconductor suppliers, up from 13th in the first quarter, surpassing companies with considerable manufacturing assets, including Infineon Technologies, Qimonda, Freescale Semiconductor and NEC Electronics. The development reflects how Qualcomm is capitalizing effectively on the transition to 3G technology in the mobile handset market, according to the report from iSuppli.

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The full ranking of iSuppli's top-ten semiconductor suppliers for the second quarter of 2007 is as follows: Intel, Samsung Electronics, Texas Instruments, Toshiba, STMicroelectronics, Renesas Technology, Hynix, NXP, Qualcomm, and Infineon Technologies.