Unless you’re TSMC, Samsung, Global Foundries, or Chartered, you’re fabless. Apple, Nvidia, Qualcomm, AMD, and many others are doing ok as fabless companies.
It used to be one of the main things they did, but they spun it out into a separate company about 10 years ago.
They were failing to keep up with Intel in fabrication process because of the massive capital and R&D expenditure required. They decided they would be better off having a choice of fab partners instead.
