FCS Fairchild Semiconductor International, Inc. (MM)

Fairchild Semiconductor (NYSE: FCS), the leading global supplier of products that optimize system power, held the company's annual financial analyst meeting in Boston on June 22. The event was well attended and simultaneously webcast - the presentations by the executive team can be viewed at Fairchild's Investor Relations website at investor.fairchildsemi.com. Fairchild's new President and CEO, Mark Thompson, and his executive team highlighted key areas of focus for the company as it continues to transition to higher value power discrete and analog solutions. "Fairchild is a key player in the $15 billion power semiconductor global market," said Thompson. "This forms a strong foundation from which to increase our share, improve profits and invest in the development of analog and integrated solutions. Our innovative new power semiconductors in advanced packages are already impacting customer end-market devices. For example our uSerDes(TM) serializers and deserializers are 1/7th the size, 1/10th the active power and 1/4000th the standby power of conventional solutions and support the transmission of voice and data in clamshell cell phones across the hinge - a cutting edge solution. "We're moving aggressively to be the leader in offering customers optimized power products that range from discrete components to highly integrated, monolithic or multichip module solutions that are appropriate to their business and technical requirements," Thompson continued. "These innovative products will help enable our customers to shorten design-in cycles, lower costs and provide highly reliable solutions. Increasingly customers want power solutions that fit their end application requirements. By offering both integrated and non-integrated solutions, we provide customers a unique array of power solutions. "This is an exciting time for Fairchild. With the rising cost of energy and with government regulations setting lower power consumption limits, the need for efficient power devices is escalating," continued Thompson. "Products like our green Fairchild Power Switches (FPS(TM)) and our analog switches - proclaimed an analogZONE Product of the Year - coupled with our increased investment in silicon and package integrated solutions, are positioning us for continued leadership in power semiconductors." Fairchild additionally announced plans to open six new Global Power Resource(TM) Design Centers through 2005, including Chicago, Brazil, Japan, Korea and China. Fairchild's Global Power Resource Design Centers provide customers total system power designs aimed at reducing time to market, increasing performance and minimizing power consumption while reducing system costs. As The Power Franchise(R), Fairchild's components convert, control and condition power in computing and display, industrial, consumer, communications and automotive applications. Fairchild continues to prove its dominance with 76% of sales from power products, an increase from approximately 14% eight years ago. About Fairchild Semiconductor: Fairchild Semiconductor (NYSE: FCS) is the leading global supplier of high performance power products critical to today's leading electronic applications in the computing, communications, consumer, industrial and automotive segments. As The Power Franchise(R), Fairchild offers the industry's broadest portfolio of components that optimize system power through minimization, conversion, management and distribution functions. Fairchild's 9,000 employees design, manufacture and market power, analog & mixed signal, interface, logic, and optoelectronics products from its headquarters in South Portland, Maine, USA and numerous locations around the world. Please contact us on the web at www.fairchildsemi.com. Special Note on Forward-Looking Statements: Some of the paragraphs above contain forward-looking statements that are based on management's assumptions and expectations and that involve risk and uncertainty. Other forward-looking statements may also be found in this news release. Forward-looking statements usually, but do not always, contain forward-looking terminology such as "we believe," "we expect," or "we anticipate," or refer to management's expectations about Fairchild's future performance. Many factors could cause actual results to differ materially from those expressed in forward-looking statements. Among these factors are the following: changes in overall global or regional economic conditions; changes in demand for our products; changes in inventories at our customers and distributors; technological and product development risks, including the risks of failing to maintain the right to use some technologies or failing to adequately protect our own intellectual property against misappropriation or infringement; availability of manufacturing capacity; the risk of production delays; availability of raw materials; competitors' actions; loss of key customers, including but not limited to distributors; the inability to attract and retain key management and other employees; order cancellations or reduced bookings; changes in manufacturing yields or output; risks related to warranty and product liability claims; risks inherent in doing business internationally; regulatory risks and significant litigation. These and other risk factors are discussed in the company's quarterly and annual reports filed with the Securities and Exchange Commission (SEC) and available at the Investor Relations section of Fairchild Semiconductor's web site at investor.fairchildsemi.com or the SEC's web site at www.sec.gov.