Global Fabless IC Design Competitive Landscape Professional Research Report 2025

Research Summary

Fabless IC design refers to a business model in the semiconductor industry where companies focus exclusively on the design and development of integrated circuits (ICs) without owning or operating manufacturing facilities. These companies create detailed blueprints for chips and rely on third-party semiconductor foundries to fabricate the physical ICs. The fabless model allows companies to concentrate on innovation, design, and market-specific customization while outsourcing production to specialized facilities that offer advanced manufacturing technologies. This approach is cost-effective and scalable, enabling fabless companies to quickly adapt to technological advancements and market demands. Fabless IC design has become a driving force in the semiconductor industry, contributing to the rapid evolution of electronics across sectors like consumer devices, automotive, and telecommunications.

According to DIResearch's in-depth investigation and research, the global Fabless IC Design market size was valued at XX Million USD in 2024 and is projected to reach XX Million USD by 2032, with a CAGR of XX% (2025-2032). Notably, the China market has changed rapidly in the past few years. By 2024, China's market size is expected to be XX Million USD, representing approximately XX% of the global market share. By 2032, it is anticipated to grow further to XX Million USD, contributing XX% to the worldwide market share.

The major global  manufacturers of Fabless IC Design include NVIDIA, Qualcomm, Broadcom, Advanced Micro Devices, Inc. (AMD), MediaTek, Marvell Technology Group, Novatek Microelectronics Corp., Tsinghua Unigroup, Realtek Semiconductor Corporation, OmniVision Technology, Inc, Monolithic Power Systems, Inc. (MPS), Cirrus Logic, Inc., Socionext Inc., LX Semicon, HiSilicon Technologies, Synaptics, Allegro MicroSystems, Himax Technologies, Semtech, Global Unichip Corporation (GUC), Hygon Information Technology, GigaDevice, Silicon Motion, Ingenic Semiconductor, Raydium, Goodix Limited, Sitronix, Nordic Semiconductor, Silergy, Shanghai Fudan Microelectronics Group, Alchip Technologies, FocalTech, MegaChips Corporation, Elite Semiconductor Microelectronics Technology, SGMICRO etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of Fabless IC Design. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Fabless IC Design market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, covering the Fabless IC Design market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Fabless IC Design industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Fabless IC Design Include:

NVIDIA

Qualcomm

Broadcom

Advanced Micro Devices, Inc. (AMD)

MediaTek

Marvell Technology Group

Novatek Microelectronics Corp.

Tsinghua Unigroup

Realtek Semiconductor Corporation

OmniVision Technology, Inc

Monolithic Power Systems, Inc. (MPS)

Cirrus Logic, Inc.

Socionext Inc.

LX Semicon

HiSilicon Technologies

Synaptics

Allegro MicroSystems

Himax Technologies

Semtech

Global Unichip Corporation (GUC)

Hygon Information Technology

GigaDevice

Silicon Motion

Ingenic Semiconductor

Raydium

Goodix Limited

Sitronix

Nordic Semiconductor

Silergy

Shanghai Fudan Microelectronics Group

Alchip Technologies

FocalTech

MegaChips Corporation

Elite Semiconductor Microelectronics Technology

SGMICRO

Fabless IC Design Product Segment Include:

Analog ICs

Logic ICs

Microcontroller and Microprocessor ICs

Memory ICs

Fabless IC Design Product Application Include:

Mobile Devices

PCs

Automotive

Industrial & Medical

Servers

Network Infrastructure

Appliances/Consumer Goods

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trends

Chapter 2: Global Fabless IC Design Industry PESTEL Analysis

Chapter 3: Global Fabless IC Design Industry Porter’s Five Forces Analysis

Chapter 4: Global Fabless IC Design Major Regional Market Size and Forecast Analysis

Chapter 5: Global Fabless IC Design Market Size and Forecast by Type and Application Analysis

Chapter 6: North America Passenger Fabless IC Design Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 7: Europe Fabless IC Design Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 8: China Fabless IC Design Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 9: APAC (Excl. China) Fabless IC Design Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 10: Latin America Fabless IC Design Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 11: Middle East and Africa Fabless IC Design Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 12: Global Fabless IC Design Competitive Analysis of Key Manufacturers (Revenue, Market Share, Regional Distribution and Industry Concentration)

Chapter 13: Key Company Profiles (Product Portfolio, Revenue and Gross Margin)

Chapter 14: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers

Chapter 15: Research Findings and Conclusion

Chapter 16: Methodology and Data Sources


1 Fabless IC Design Market Overview
1.1 Product Definition and Statistical Scope
1.2 Fabless IC Design Product by Type
1.2.1 Analog ICs
1.2.2 Logic ICs
1.2.3 Microcontroller and Microprocessor ICs
1.2.4 Memory ICs
1.3 Fabless IC Design Product by Application
1.3.1 Mobile Devices
1.3.2 PCs
1.3.3 Automotive
1.3.4 Industrial & Medical
1.3.5 Servers
1.3.6 Network Infrastructure
1.3.7 Appliances/Consumer Goods
1.3.8 Others
1.4 Global Fabless IC Design Market Size Analysis (2020-2032)
1.5 Fabless IC Design Market Development Status and Trends
1.5.1 Fabless IC Design Industry Development Status Analysis
1.5.2 Fabless IC Design Industry Development Trends Analysis
2 Fabless IC Design Market PESTEL Analysis
2.1 Political Factors Analysis
2.2 Economic Factors Analysis
2.3 Social Factors Analysis
2.4 Technological Factors Analysis
2.5 Environmental Factors Analysis
2.6 Legal Factors Analysis
3 Fabless IC Design Market Porter's Five Forces Analysis
3.1 Competitive Rivalry
3.2 Threat of New Entrants
3.3 Bargaining Power of Suppliers
3.4 Bargaining Power of Buyers
3.5 Threat of Substitutes
4 Global Fabless IC Design Market Analysis by Regions
4.1 Global Fabless IC Design Overall Market: 2024 VS 2025 VS 2032
4.2 Global Fabless IC Design Revenue and Forecast Analysis (2020-2032)
4.2.1 Global Fabless IC Design Revenue and Market Share by Region (2020-2025)
4.2.2 Global Fabless IC Design Revenue Forecast by Region (2026-2032)
5 Global Fabless IC Design Market Size by Type and Application
5.1 Global Fabless IC Design Market Size by Type (2020-2032)
5.2 Global Fabless IC Design Market Size by Application (2020-2032)
6 North America
6.1 North America Fabless IC Design Market Size and Growth Rate Analysis (2020-2032)
6.2 North America Key Manufacturers Analysis
6.3 North America Fabless IC Design Market Size by Type
6.4 North America Fabless IC Design Market Size by Application
6.5 North America Fabless IC Design Market Size by Country
6.5.1 US
6.5.2 Canada
7 Europe
7.1 Europe Fabless IC Design Market Size and Growth Rate Analysis (2020-2032)
7.2 Europe Key Manufacturers Analysis
7.3 Europe Fabless IC Design Market Size by Type
7.4 Europe Fabless IC Design Market Size by Application
7.5 Europe Fabless IC Design Market Size by Country
7.5.1 Germany
7.5.2 France
7.5.3 United Kingdom
7.5.4 Italy
7.5.5 Spain
7.5.6 Benelux
8 China
8.1 China Fabless IC Design Market Size and Growth Rate Analysis (2020-2032)
8.2 China Key Manufacturers Analysis
8.3 China Fabless IC Design Market Size by Type
8.4 China Fabless IC Design Market Size by Application
9 APAC (excl. China)
9.1 APAC (excl. China) Fabless IC Design Market Size and Growth Rate Analysis (2020-2032)
9.2 APAC (excl. China) Key Manufacturers Analysis
9.3 APAC (excl. China) Fabless IC Design Market Size by Type
9.4 APAC (excl. China) Fabless IC Design Market Size by Application
9.5 APAC (excl. China) Fabless IC Design Market Size by Country
9.5.1 Japan
9.5.2 South Korea
9.5.3 India
9.5.4 Australia
9.5.5 Southeast Asia
10 Latin America
10.1 Latin America Fabless IC Design Market Size and Growth Rate Analysis (2020-2032)
10.2 Latin America Key Manufacturers Analysis
10.3 Latin America Fabless IC Design Market Size by Type
10.4 Latin America Fabless IC Design Market Size by Application
10.5 Latin America Fabless IC Design Market Size by Country
10.5.1 Mexico
10.5.2 Brazil
11 Middle East & Africa
11.1 Middle East & Africa Fabless IC Design Market Size and Growth Rate Analysis (2020-2032)
11.2 Middle East & Africa Key Manufacturers Analysis
11.3 Middle East & Africa Fabless IC Design Market Size by Type
11.4 Middle East & Africa Fabless IC Design Market Size by Application
11.5 Middle East & Africa Fabless IC Design Market Size by Country
11.5.1 Saudi Arabia
11.5.2 South Africa
12 Competition by Manufacturers
12.1 Global Fabless IC Design Market Revenue by Key Manufacturers (2021-2025)
12.2 Fabless IC Design Competitive Landscape Analysis and Market Dynamic
12.2.1 Fabless IC Design Competitive Landscape Analysis
12.2.2 Global Key Manufacturers Headquarter Location and Key Area Sales
12.2.3 Market Dynamic
13 Key Companies Analysis
13.1 NVIDIA
13.1.1 NVIDIA Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.1.2 NVIDIA Fabless IC Design Product Portfolio
13.1.3 NVIDIA Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.2 Qualcomm
13.2.1 Qualcomm Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.2.2 Qualcomm Fabless IC Design Product Portfolio
13.2.3 Qualcomm Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.3 Broadcom
13.3.1 Broadcom Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.3.2 Broadcom Fabless IC Design Product Portfolio
13.3.3 Broadcom Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.4 Advanced Micro Devices, Inc. (AMD)
13.4.1 Advanced Micro Devices, Inc. (AMD) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.4.2 Advanced Micro Devices, Inc. (AMD) Fabless IC Design Product Portfolio
13.4.3 Advanced Micro Devices, Inc. (AMD) Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.5 MediaTek
13.5.1 MediaTek Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.5.2 MediaTek Fabless IC Design Product Portfolio
13.5.3 MediaTek Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.6 Marvell Technology Group
13.6.1 Marvell Technology Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.6.2 Marvell Technology Group Fabless IC Design Product Portfolio
13.6.3 Marvell Technology Group Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.7 Novatek Microelectronics Corp.
13.7.1 Novatek Microelectronics Corp. Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.7.2 Novatek Microelectronics Corp. Fabless IC Design Product Portfolio
13.7.3 Novatek Microelectronics Corp. Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.8 Tsinghua Unigroup
13.8.1 Tsinghua Unigroup Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.8.2 Tsinghua Unigroup Fabless IC Design Product Portfolio
13.8.3 Tsinghua Unigroup Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.9 Realtek Semiconductor Corporation
13.9.1 Realtek Semiconductor Corporation Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.9.2 Realtek Semiconductor Corporation Fabless IC Design Product Portfolio
13.9.3 Realtek Semiconductor Corporation Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.10 OmniVision Technology, Inc
13.10.1 OmniVision Technology, Inc Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.10.2 OmniVision Technology, Inc Fabless IC Design Product Portfolio
13.10.3 OmniVision Technology, Inc Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.11 Monolithic Power Systems, Inc. (MPS)
13.11.1 Monolithic Power Systems, Inc. (MPS) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.11.2 Monolithic Power Systems, Inc. (MPS) Fabless IC Design Product Portfolio
13.11.3 Monolithic Power Systems, Inc. (MPS) Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.12 Cirrus Logic, Inc.
13.12.1 Cirrus Logic, Inc. Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.12.2 Cirrus Logic, Inc. Fabless IC Design Product Portfolio
13.12.3 Cirrus Logic, Inc. Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.13 Socionext Inc.
13.13.1 Socionext Inc. Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.13.2 Socionext Inc. Fabless IC Design Product Portfolio
13.13.3 Socionext Inc. Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.14 LX Semicon
13.14.1 LX Semicon Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.14.2 LX Semicon Fabless IC Design Product Portfolio
13.14.3 LX Semicon Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.15 HiSilicon Technologies
13.15.1 HiSilicon Technologies Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.15.2 HiSilicon Technologies Fabless IC Design Product Portfolio
13.15.3 HiSilicon Technologies Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.16 Synaptics
13.16.1 Synaptics Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.16.2 Synaptics Fabless IC Design Product Portfolio
13.16.3 Synaptics Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.17 Allegro MicroSystems
13.17.1 Allegro MicroSystems Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.17.2 Allegro MicroSystems Fabless IC Design Product Portfolio
13.17.3 Allegro MicroSystems Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.18 Himax Technologies
13.18.1 Himax Technologies Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.18.2 Himax Technologies Fabless IC Design Product Portfolio
13.18.3 Himax Technologies Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.19 Semtech
13.19.1 Semtech Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.19.2 Semtech Fabless IC Design Product Portfolio
13.19.3 Semtech Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.20 Global Unichip Corporation (GUC)
13.20.1 Global Unichip Corporation (GUC) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.20.2 Global Unichip Corporation (GUC) Fabless IC Design Product Portfolio
13.20.3 Global Unichip Corporation (GUC) Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.21 Hygon Information Technology
13.21.1 Hygon Information Technology Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.21.2 Hygon Information Technology Fabless IC Design Product Portfolio
13.21.3 Hygon Information Technology Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.22 GigaDevice
13.22.1 GigaDevice Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.22.2 GigaDevice Fabless IC Design Product Portfolio
13.22.3 GigaDevice Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.23 Silicon Motion
13.23.1 Silicon Motion Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.23.2 Silicon Motion Fabless IC Design Product Portfolio
13.23.3 Silicon Motion Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.24 Ingenic Semiconductor
13.24.1 Ingenic Semiconductor Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.24.2 Ingenic Semiconductor Fabless IC Design Product Portfolio
13.24.3 Ingenic Semiconductor Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.25 Raydium
13.25.1 Raydium Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.25.2 Raydium Fabless IC Design Product Portfolio
13.25.3 Raydium Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.26 Goodix Limited
13.26.1 Goodix Limited Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.26.2 Goodix Limited Fabless IC Design Product Portfolio
13.26.3 Goodix Limited Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.27 Sitronix
13.27.1 Sitronix Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.27.2 Sitronix Fabless IC Design Product Portfolio
13.27.3 Sitronix Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.28 Nordic Semiconductor
13.28.1 Nordic Semiconductor Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.28.2 Nordic Semiconductor Fabless IC Design Product Portfolio
13.28.3 Nordic Semiconductor Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.29 Silergy
13.29.1 Silergy Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.29.2 Silergy Fabless IC Design Product Portfolio
13.29.3 Silergy Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.30 Shanghai Fudan Microelectronics Group
13.30.1 Shanghai Fudan Microelectronics Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.30.2 Shanghai Fudan Microelectronics Group Fabless IC Design Product Portfolio
13.30.3 Shanghai Fudan Microelectronics Group Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.31 Alchip Technologies
13.31.1 Alchip Technologies Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.31.2 Alchip Technologies Fabless IC Design Product Portfolio
13.31.3 Alchip Technologies Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.32 FocalTech
13.32.1 FocalTech Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.32.2 FocalTech Fabless IC Design Product Portfolio
13.32.3 FocalTech Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.33 MegaChips Corporation
13.33.1 MegaChips Corporation Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.33.2 MegaChips Corporation Fabless IC Design Product Portfolio
13.33.3 MegaChips Corporation Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.34 Elite Semiconductor Microelectronics Technology
13.34.1 Elite Semiconductor Microelectronics Technology Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.34.2 Elite Semiconductor Microelectronics Technology Fabless IC Design Product Portfolio
13.34.3 Elite Semiconductor Microelectronics Technology Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
13.35 SGMICRO
13.35.1 SGMICRO Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
13.35.2 SGMICRO Fabless IC Design Product Portfolio
13.35.3 SGMICRO Fabless IC Design Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
14 Industry Chain Analysis
14.1 Fabless IC Design Industry Chain Analysis
14.2 Fabless IC Design Industry Raw Material and Suppliers Analysis
14.2.1 Fabless IC Design Key Raw Material Supply Analysis
14.2.2 Raw Material Suppliers and Contact Information
14.3 Fabless IC Design Typical Downstream Customers
14.4 Fabless IC Design Sales Channel Analysis
15 Research Findings and Conclusion
16 Methodology and Data Source
16.1 Methodology/Research Approach
16.2 Research Scope
16.3 Benchmarks and Assumptions
16.4 Date Source
16.4.1 Primary Sources
16.4.2 Secondary Sources
16.5 Data Cross Validation
16.6 Disclaimer

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