Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day


Fabless is a term used by semiconductor manufacturers and means "without a fabrication plant". It applies now to most chipmakers, with only a handful remaining who own their own plants – notably, Intel, Samsung and Texas Instruments. Fabless chipmakers, such as Qualcomm, rely on contract manufacturers, known as foundries, to produce their chips. The leading foundries are TSMC, UMC and SMIC in Taiwan and China and GlobalFoundries, with plants in the USA, Germany and Singapore. Samsung also acts...