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    Fabs (short for “fabrication”) are facilities in which semiconductor products are manufactured. Fabless companies focus on designing chips. They partner with other companies (foundries) for the manufacturing phase. Foundries are companies that manufacture semiconductor products as a service. They do not design chips.
    newsroom.lamresearch.com/difference-between-fa…
    A fab, short for fabrication plant, is a highly specialized facility designed to manufacture integrated circuits and other semiconductor devices. On the other hand, a foundry, in the context of semiconductor manufacturing, is a type of fab that produces chips on behalf of other companies, which do not have their own manufacturing capabilities.
    www.askdifference.com/fab-vs-foundry/
    Fabless semiconductor companies do not have any semiconductor fabrication capability; and contract production with a merchant foundry manufacturer. The fabless company concentrates on the research and development of an IC-product; the foundry concentrates on manufacturing and testing the physical product.
    en.wikipedia.org/wiki/Foundry_model
     
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