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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.
The fabless semiconductor company recently finished designing its new line of microchips.
Upp co-founded TranSwitch, one of the first fabless communications semiconductor companies, and has been instrumental in its product development.
We operate an efficient and streamlined fabless business model, which ensures sustainable profits even when competition is particularly intense.
More than 300 so-called fabless chipmakers in the US also source more than half of their silicon wafers from Taiwanese semiconductor foundries.
Over 1000 engineers across hundreds of sites worldwide, within fabless, IDMs, ATE and Subcontractor organizations, rely on Examinator today.

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