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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
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.
We operate an efficient and streamlined fabless business model, which ensures sustainable profits even when competition is particularly intense.
These are primary reasons for the growing adoption of configurability by Taiwan's fabless chip industry, and ARC's increasing momentum in Greater China.
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.
Sirific Wireless Limited is a privately held fabless semiconductor company that designs and develops CMOS RF transceiver integrated circuits for multi-mode mobile devices.

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