As someone starting a fabless semiconductor startup on less than $2 million, I completely agree with you when it comes to starting a fab (Intel's, GF's, and TSM

As someone starting a fabless semiconductor startup on less than $2 million, I completely agree with you when it comes to starting a fab (Intel's, GF's, and TSMC's new 14-16nm fabs are in the $10 to $15 billion range), but a fabless semiconductor company can be done for the same range as a software startup. While it is not fair to use my startup as an example (as we don't have silicon in hand just yet), you can look here: http://www.adapteva.com/andreas-blog/semiconductor-economics-101/ http://www.adapteva.com/andreas-blog/semiconductor-economics... http://www.adapteva.com/white-papers/a-lean-fabless-semiconductor-startup-model/ http://www.adapteva.com/white-papers/a-lean-fabless-semicond...