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  2. 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…
    Fab is a manufacturing plant which fabricates items, particularly silicon chips, whereas foundry is a facility that melts metals in special furnaces and pours the molten metal into molds to make products. foundries are usually specified according to the type of metal dealt with: iron foundry, brass foundry, etc.
    The separation of design and fabrication became known as the foundry model, with fabless manufacturing outsourcing to semiconductor foundries. Fabless semiconductor companies do not have any semiconductor fabrication capability; and contract production with a merchant foundry manufacturer.
    en.wikipedia.org/wiki/Foundry_model
     
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