Qualcomm (NASDAQ:QCOM) has been the leader in the LTE baseband chipset market, and it still is, but it now has a clear strong competitor in the form of MediaTek, according to a new report from research firm Strategy Analytics.

Qualcomm, MediaTek, Spreadtrum, Samsung LSI and Marvell captured the top-five baseband revenue share spots in the first quarter, the report said. Qualcomm maintained its baseband market leadership with 61 revenue share, followed by MediaTek with 18 percent revenue share and Spreadtrum with 7 percent revenue share. However, MediaTek captured double-digit market share in the LTE baseband market in the first quarter, the report noted. "The wait for the strong number two player in LTE basebands is over and MediaTek has now firmly established itself as the solid number two to Qualcomm," Strategy Analytics said. Release