It's not misleading for people in the industry. ARM so far was selling IP (Verilog source code) that other chip makers would include in a full chip design.
Now ARM for the first time (this century) is making its own chip [design], which like most of its customers, is manufactured by a fab like TSMC.
Similarly Apple doesn't manufacture any of its own computers or iPhones (it's all contract manufacturers like FoxConn) but it would clearly be wrong to say "Apple doesn't make computers! Foxconn does!"
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"in-house" is misleading
It's not misleading for people in the industry. ARM so far was selling IP (Verilog source code) that other chip makers would include in a full chip design.
Now ARM for the first time (this century) is making its own chip [design], which like most of its customers, is manufactured by a fab like TSMC.
The title is clear.
Similarly Apple doesn't manufacture any of its own computers or iPhones (it's all contract manufacturers like FoxConn) but it would clearly be wrong to say "Apple doesn't make computers! Foxconn does!"
Not really verilog source code. TSMC probably provides libraries to Apple
Apple is just a systems integrator
It's called fables.