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What does fabless mean?

Looking for the meaning or definition of the word fabless? Here's what it means.

Adjective
  1. Of a company: that does not make its own silicon wafers, and primarily concerns itself with research and design.
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Examples
Sirific Wireless Limited is a privately held fabless semiconductor company that designs and develops CMOS RF transceiver integrated circuits for multi-mode mobile devices.
We see a bright future ahead in terms of growth for the whole semiconductor industry, and for the fabless industry and for the foundry industry.
Upp co-founded TranSwitch, one of the first fabless communications semiconductor companies, and has been instrumental in its product development.
The company has suggested that it will spin-off its loss-making chip business, and a fabless, or at least fab-light division would make it a more attractive buy.
More than 300 so-called fabless chipmakers in the US also source more than half of their silicon wafers from Taiwanese semiconductor foundries.
These are primary reasons for the growing adoption of configurability by Taiwan's fabless chip industry, and ARC's increasing momentum in Greater China.

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