NVDA
Nvidia
$5.32Tn
219.74
-2.34%
+20.73%
NVIDIA designs integrated circuits including GPUs (Hopper, Blackwell), CPUs (Grace), and DPUs. It operates a fabless model, selling these designed chips to cloud providers, OEMs, and enterprises.
AVGO
Broadcom
$1.81Tn
379.83
-3.21%
+24.22%
Broadcom designs a vast array of integrated circuits, including Ethernet switching and routing silicon, RF front-end modules for smartphones, and custom ASICs/XPUs for AI and high-performance computing. The company operates a fabless-style design model for these semiconductor solutions, selling them to OEMs and hyperscalers.
MU
2nd
Micron Technology
$1.06Tn
940.76
-7.02%
+661.44%
The company designs high-performance memory solutions, such as HBM4 and CXL-based memory, and earns income from licensing its technology and the sale of patents.
AMD
Advanced Micro Devices
$790.52Bn
484.39
-4.27%
+175.00%
AMD designs a broad portfolio of integrated circuits, including EPYC server processors, Ryzen CPUs, Radeon GPUs, and Instinct AI accelerators. The company operates a fabless model, selling these designed chips and licensing its IP portfolio to customers.
ARM
Arm Holdings
$270.55Bn
253.32
-6.67%
+79.58%
Arm designs microprocessors, GPUs, and systems IP which it licenses to semiconductor companies and OEMs. Its revenue model is based on upfront license fees and ongoing royalties per chip shipped, fitting the fabless/IP licensing model described in T-01.
MRVL
Marvell Technology
$188.96Bn
216.00
-7.82%
+181.47%
Marvell is a fabless semiconductor supplier that designs and sells integrated circuit products, including custom ASICs, ethernet solutions, and storage controllers. The profile explicitly states it is a 'fabless entity' that partners with external foundries for manufacturing, which aligns perfectly with the T-01 classification.
QCOM
Qualcomm
$169.32Bn
160.19
-1.23%
+0.81%
Qualcomm designs and sells integrated circuit products, specifically the Snapdragon and Qualcomm Dragonwing families, for use in mobile devices, automotive systems, and IoT equipment. It operates a fabless model, focusing on the design of high-performance low-power computing and wireless connectivity chips.
MPWR
Monolithic Power Systems
$65.52Bn
1,333.18
-5.85%
+56.79%
Monolithic Power Systems is explicitly described as a fabless company that designs high-performance semiconductor-based power electronics, including DC to DC converters and power management ICs. It relies on third-party foundries for wafer fabrication, assembly, and testing, which fits the fabless model defined in T-01.
ALAB
Astera Labs
$52.64Bn
303.44
-5.23%
+62.76%
Astera Labs designs semiconductor-based connectivity solutions, specifically integrated circuits (ICs) such as the Aries PCIe CXL Smart DSP Retimers and Leo CXL Memory Connectivity Controllers. The company operates as a fabless designer, selling these chips and modules to hyperscalers and AI accelerator vendors.
STMEF
2nd
STMicroelectronics
$48.90Bn
55.02
+0.00%
+111.62%
The company designs a wide range of integrated circuits, including microcontrollers, microprocessors, ASICs, and ASSPs for automotive and industrial applications. These design activities are a core part of their revenue generation alongside manufacturing.
CRDO
Credo Technology Group Holding
$45.61Bn
245.97
-13.03%
+107.15%
Credo designs and markets integrated circuits, SerDes chiplets, and semiconductor intellectual property based on its proprietary serializer deserializer and digital signal processor technologies. The company operates as a fabless designer, selling these chips and licensing IP to customers like hyperscale data center operators and cloud infrastructure providers.
MCHP
2nd
Microchip Technology
$42.46Bn
78.19
-2.58%
+19.26%
The company designs a wide array of integrated circuits, including FPGAs, 8-bit to 64-bit microprocessors, and memory products, and earns revenue from the sale of these designed chips.
SITM
Sitime
$18.03Bn
680.06
-9.26%
+199.97%
SiTime designs silicon-based timing products, including oscillators and clock integrated circuits, using a fabless business model. The company focuses on the design and marketing of these chips while outsourcing the actual wafer fabrication to third-party foundries.
LSCC
Lattice Semiconductor
$17.04Bn
124.21
-6.38%
+96.44%
Lattice Semiconductor designs and sells field programmable gate array (FPGA) devices and related silicon enabling products. The company operates as a fabless designer, monetizing its programmable logic semiconductor products and licensing chip IP.
LFUS
2nd
Littelfuse
$11.11Bn
437.51
-7.27%
+73.27%
The company designs and sells semiconductor devices, specifically naming TVS diodes, MOSFETs, and IGBTs, which are integrated circuits used for power control and protection.
RMBS
Rambus
$10.16Bn
93.71
-6.86%
+23.68%
Rambus designs and sells memory interface chips, such as registering clock drivers and power management ICs, using a fabless model. It sells these chips to memory module makers, OEMs, and hyperscalers.
IDCC
InterDigital
$8.66Bn
335.77
-3.62%
+24.42%
InterDigital designs foundational wireless and video technologies and licenses this intellectual property to manufacturers of smartphones, tablets, and IoT devices. Its revenue model is based on fixed-fee and variable royalty agreements for patented innovations, which aligns with the fabless/licensable chip architecture and IP model described in T-01.
SIMO
Silicon Motion Technology
$8.45Bn
251.72
-7.69%
+234.78%
Silicon Motion designs and markets NAND flash controllers, including SSD, eMMC, and UFS controllers, without owning its own fabrication plants. Its revenue is primarily derived from selling these designed integrated circuits to NAND flash manufacturers, module makers, and OEMs.
ALGM
Allegro Microsystems
$7.34Bn
39.39
-10.98%
+27.77%
Allegro Microsystems is a fabless designer and marketer of sensor integrated circuits and application-specific power integrated circuits. It sells these designed chips, such as Hall effect and tunnel magnetoresistance sensors, to automotive and industrial OEMs.
SLAB
Silicon Laboratories
$7.31Bn
219.00
-0.13%
+65.55%
Silicon Laboratories is explicitly described as a fabless semiconductor firm that designs and sells wireless microcontrollers, system on chip (SoC) products, and mixed-signal integrated circuits. It does not own fabrication plants, fitting the fabless model described in T-01.
MBLY
2nd
Mobileye Global
$7.26Bn
8.87
-3.90%
-37.97%
The company designs its own proprietary EyeQ system on chips, which are sold as a primary revenue-generating product to OEMs and Tier 1 suppliers.
MXL
Maxlinear
$6.59Bn
72.63
-14.31%
+371.01%
MaxLinear is explicitly described as a fabless integrated circuit design company that designs communications systems-on-chip (SoCs). It generates revenue by selling these designed chips, such as 4G/5G base-station transceivers and broadband modems, to OEMs and ODMs without owning its own fabrication plants.
CRUS
Cirrus Logic
$5.86Bn
116.88
-2.49%
+3.44%
Cirrus Logic designs mixed-signal integrated circuits, including amplifiers, codecs, and power management ICs, and operates under a fabless model by using third-party foundries like TSMC and GlobalFoundries for wafer fabrication.
PI
Impinj
$5.13Bn
168.07
-2.12%
+1.41%
Impinj designs and sells silicon radios and integrated circuits, specifically endpoint ICs (M730, M750, M830, M850 series) and reader ICs, using a fabless model with TSMC for wafer fabrication.
SYNA
Synaptics
$4.09Bn
104.83
-5.20%
+49.50%
Synaptics operates a fabless semiconductor model, designing custom silicon including the Astra AI processors and Veros wireless portfolio. It generates revenue primarily through the sale of these designed semiconductor solutions to OEMs.
OLED
2nd
Universal Display Corp Pa
$3.90Bn
84.45
-2.53%
-40.48%
The company licenses its patented OLED device designs, manufacturing technologies, and related know-how to product manufacturers under long-term agreements, which aligns with the licensing of chip/component architecture IP.
NVTS
Navitas Semiconductor
$3.44Bn
13.17
-9.67%
+94.53%
Navitas designs gallium nitride (GaN) power integrated circuits and silicon carbide (SiC) devices but operates as a fabless product design house. The company explicitly contracts the manufacturing of its chips and packaging to partner suppliers like GlobalFoundries and X-Fab.
AMBA
Ambarella
$3.28Bn
74.82
-4.74%
+8.48%
Ambarella designs low-power system-on-a-chip (SoC) semiconductors, including AI inference SoCs and the proprietary CVflow deep learning neural network processor. The company operates as a fabless designer, selling these chips to original design manufacturers (ODMs) and original equipment manufacturers (OEMs).
POWI
Power Integrations
$3.27Bn
58.59
-5.65%
+26.65%
Power Integrations designs and markets analog and mixed signal integrated circuits, including gate drivers and motor drivers, using proprietary silicon and gallium nitride technologies. The company operates as a fabless designer selling these chips to OEMs and power supply producers.
BFLY
2nd
Butterfly Network
$2.14Bn
9.00
-0.22%
+525.00%
Through its Butterfly Embedded program, the company licenses its proprietary Ultrasound-on-Chip semiconductor technology to third parties for co-development, receiving license payments and milestone fees.
BTDR
2nd
Bitdeer Technologies
$2.12Bn
9.00
-4.15%
-37.33%
Bitdeer designs and manufactures its own proprietary ASIC chips and SEALMINER mining rigs, which it sells to third-party customers, representing 17.5% of total revenue in 2025.
AMBQ
Ambiq Micro
$1.52Bn
63.08
-7.10%
+63.59%
Ambiq Micro designs ultra-low power semiconductor solutions, specifically systems on chip (SoCs) like the Apollo and Atomiq families. The company operates as a fabless designer focusing on subthreshold power optimized technology for edge AI and general compute.
POET
Poet Technologies
$1.25Bn
8.48
-9.79%
+67.59%
POET Technologies designs photonic integrated packaging solutions and optical engines, such as 400G and 800G FR4 units, using a fab-light model that relies on third-party foundries. The company generates revenue from selling these designed chips/engines and licensing its proprietary Optical Interposer technology.
INDI
indie Semiconductor
$938.44Mn
4.34
-7.86%
-0.91%
indie Semiconductor designs analog, digital, and mixed-signal integrated circuits for automotive applications, including ADAS and electrification. The company generates revenue by selling these semiconductor integrated circuits to Tier 1 automotive suppliers like Aptiv.
AOSL
2nd
Alpha & Omega Semiconductor
$849.02Mn
28.38
-8.66%
+7.38%
The company designs a broad portfolio of power semiconductors, including analog power management solutions and power integrated circuits (ICs). It leverages a strong intellectual property portfolio of over 1,900 patents to develop these chip designs.
NVEC
2nd
Nve
$555.21Mn
114.78
-5.21%
+80.24%
The company designs and produces MRAM (magnetic random-access memory) devices, which are integrated circuits used for non-volatile memory in industrial and defense applications.
BTQ
2nd
BTQ Technologies
$521.70Mn
3.70
-3.90%
+32.14%
The company designs the QCIM (quantum compute in memory) chip and expects future revenue from hardware sales of this chip, utilizing a fabless model through a partnership with ICTK for fabrication.
MRAM
Everspin Technologies
$447.81Mn
18.45
-7.05%
+204.46%
Everspin designs and sells specialized memory products, specifically Toggle MRAM and spin-transfer torque (STT) MRAM, and earns revenue from licensing its MRAM intellectual property. The company operates as a provider of integrated circuit designs and IP blocks for non-volatile memory.
LAES
Sealsq
$369.98Mn
2.74
-5.52%
+0.00%
SEALSQ is a fabless semiconductor firm that designs secure microcontrollers, such as the QS7001 and VaultIC secure elements, and custom ASICs. Secure chips represent the largest portion of its revenue at 78%.
ALMU
2nd
Aeluma
$291.08Mn
16.07
-9.62%
-9.92%
The company designs novel optoelectronic devices using compound semiconductor materials on large diameter substrates to create high-performance chips. It sells these chips and engineering samples to customers for research and development.
GSIT
Gsi Technology
$242.51Mn
6.32
-6.78%
+100.63%
GSI Technology operates a fabless model designing and selling integrated circuits, specifically associative processing units (Gemini I and Gemini II chips) and high-speed synchronous SRAM products. The company also generates revenue by licensing its APU intellectual property to third parties for integration into their own semiconductor designs.
QUIK
Quicklogic
$221.07Mn
12.07
-4.43%
+112.87%
QuickLogic is a fabless semiconductor company that designs and sells discrete FPGA devices, such as the EOS S3 and PolarPro families. It also licenses eFPGA intellectual property (IP) to other semiconductor firms for integration into ASICs and SoCs.
BGIN
Bgin Blockchain
$217.22Mn
1.92
-11.93%
—
The company designs and manufactures cryptocurrency mining machines equipped with proprietary ASIC chips under the ICERIVER brand. This activity centers on the design of specialized silicon for AI/crypto acceleration, which is the core of their hardware sales segment.
VLN
Valens Semiconductor
$199.24Mn
1.84
-4.17%
-17.49%
Valens is a fabless semiconductor company that designs and sells high-performance connectivity chipsets, such as the VS100, VS2000, and VA7000 series. It does not own fabrication plants and generates revenue from selling these designed chips to OEMs and tier 1 suppliers.
GCTS
GCT Semiconductor Holding
$178.41Mn
1.94
-8.06%
+56.45%
GCT Semiconductor is a fabless semiconductor company that designs and sells RF and modem chipsets for 4G LTE and 5G NR technologies. It generates revenue from selling these designed chips to ODMs and OEMs without owning its own fabrication plants.
CAN
Canaan
$152.11Mn
0.22
-4.35%
-70.20%
Canaan designs proprietary ASICs for Bitcoin mining and operates under a fabless model, leveraging its chip design expertise to create the AvalonMiner brand. The company's core competitive advantage is based on its ASIC chip design and patent portfolio.
WSKEF
2nd
Wisekey International Holding
$142.04Mn
12.50
+0.00%
+418.67%
Through its SEALSQ division, the company operates a fabless model to design and sell secure microcontrollers and post-quantum chips, competing with firms like NXP and STMicroelectronics.
PALX
Palomino Laboratories
$108.05Mn
16.10
+0.81%
—
Palomino Laboratories designs gallium nitride microLED-based optical transceiver devices and chip designs using a fabless business model. The company generates revenue from the licensing and sale of these proprietary semiconductor designs while outsourcing manufacturing to third-party foundries.
ARBE
Arbe Robotics
$104.20Mn
0.81
+0.00%
-37.21%
Arbe Robotics designs and sells a radar chipset, which is an integrated circuit, to Tier 1 automotive suppliers like Magna Electronics LLC and Hirain. The company operates as a semiconductor designer competing with other chip companies like Texas Instruments and NXP.
BZAI
Blaize Holdings
$79.96Mn
0.56
+7.69%
-84.09%
Blaize designs the GSP processor, which is a programmable AI computing accelerator for data parallel workloads. The company generates revenue from selling these designed chips via PCIe compute cards and other hardware forms.
WATT
2nd
Energous
$78.65Mn
14.23
-3.53%
+83.61%
The company designs advanced semiconductor chipsets and chipset architectures for its wireless power network, earning revenue from the sale of these receiver integrated circuits.
WIMI
2nd
WiMi Hologram Cloud
$69.70Mn
1.27
-3.05%
-66.40%
The company has a dedicated semiconductor business segment that sells computer chip products and central processing algorithm services to electronic product manufacturers and infrastructure providers.
ICG
Intchains
$54.64Mn
0.90
+0.00%
-57.55%
Intchains designs proprietary ASIC chips for altcoin mining and sells integrated mining machines under the Goldshell brand using a fabless model. This activity centers on designing silicon for blockchain algorithms without owning fabrication plants.
HIMX
Himax Technologies
$50.85Mn
14.37
-6.75%
+89.33%
Himax is explicitly described as a fabless semiconductor company that designs and markets integrated circuits (ICs), including display drivers, timing controllers, and touch controller ICs. It generates revenue by selling these designed chips to panel manufacturers and OEMs without owning its own fabrication plants.
GUER
Guerrilla RF
$41.94Mn
3.92
-1.75%
+273.33%
Guerrilla RF is explicitly described as a fabless semiconductor company that designs and markets RF monolithic microwave integrated circuit (MMIC) products. It generates revenue from selling designed chips such as low-noise amplifiers and power amplifiers without owning its own fabrication plants.
PXLW
Pixelworks
$39.50Mn
6.53
-3.97%
-23.36%
Pixelworks primarily generates revenue from the sale of integrated circuit products, specifically high-performance and power-efficient visual processing semiconductors. These chips are sold to OEMs for use in smartphones, tablets, and projectors, following a fabless semiconductor design model.
QCLS
Q
$22.03Mn
2.69
-4.27%
-73.63%
The company develops and commercializes Laser Processing Units (LPUs), such as the qc LPU100, which are specialized hardware for blockchain and AI high-performance computing. It competes directly with semiconductor firms producing CPUs, GPUs, and AI hardware, selling these designed chips and computing capacity.
SQNS
Sequans Communications
$19.17Mn
3.05
+0.00%
-73.71%
Sequans is a fabless designer of cellular semiconductor solutions, specifically creating baseband processors, radio frequency transceivers, and integrated system on chip (SoC) products. Its revenue is primarily generated from the sale of these cellular semiconductor chips and modules to OEMs and ODMs.
EBON
Ebang International Holdings
$12.62Mn
2.01
+0.50%
-50.37%
The company designs its own ASIC chips (ranging from 14nm to 5nm nodes) to power its bitcoin mining machines, positioning itself as a niche player leveraging deep expertise in ASIC chip design.
SLAIY
2nd
Solai
$11.39Mn
0.61
+1.67%
-97.28%
Through its subsidiary Bee Computing, the company designs and manufactures ASIC-based mining machines and chips for external customers.
PRSO
Peraso
$4.59Mn
0.65
-2.99%
-24.44%
Peraso is a fabless semiconductor company that designs and sells mmWave integrated circuits, including baseband ICs and radio frequency ICs, without owning its own fabrication plants. Its revenue is derived from selling these designed chips and antenna modules to OEMs and wireless internet service providers.
MTLK
Metalink
$2.64Mn
0.21
+0.00%
-27.59%
Metalink is described as a fabless semiconductor company that designed and sold digital subscriber line (DSL) chipsets. It relied on third-party contractors in Taiwan for wafer fabrication, which is the defining characteristic of the fabless model in T-01.
AGMH
Agm Group Holdings
$2.46Mn
0.95
-2.06%
-55.40%
The company designs and manufactures ASIC-based cryptocurrency mining hardware, specifically the KOI MINER C16, which is a primary revenue driver. This activity involves designing integrated circuits for AI/crypto acceleration, fitting the Semiconductor Design profile.
MLGO
MicroAlgo
$509.97K
4.17
-1.42%
-53.04%
MicroAlgo designs integrated circuit layout designs and provides optimized chip hardware and accompanying software to electronics manufacturers. Its core activity in the intelligent chip business involves designing algorithms to accelerate computing power and reduce power consumption for silicon-based hardware.
