Also especially with new sizes that we are working, discussing on, foundries are going to dominate the business, and its will be hard to stand as IP corer. Future is fabless chip companies with giant foundries
I guess there is catch in the observation made by Professor Rahul Kapoor. Though foundries ship more IP than IP vendors, most of the foundries get these IPs from IP vendors itself and validate the design on their process and sell it to the customers. For example TSMC has tie up with Cosmic circuits :
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.