Fairchild Semiconductor Named One of the 20 Best Employers in the Electronics Industry

Business Wire, June 15, 2001

Business/Technology Editors

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--June 15, 2001

Winners Selected by Cahners Research Based on Employee Surveys at More

Than 10,000 Electronics Companies

Fairchild Semiconductor International (NYSE: FCS) today announced it has been named one of the top 20 places to work in the electronics industry by Cahners Research. The results of the study appear in the Electronics Industry's Movers and Shakers 2001 magazine, published by Cahners Electronics Group.

Cahners Research chose the 20 best companies based on surveys of more than 50,000 professionals in the electronics industry with a sample size of 10,000 companies. Based on the initial results, the company list was narrowed and additional interviews were conducted to determine the top 20 places to work.

"We're extremely pleased to be recognized as one of the best places to work in the electronics industry, especially since we are such a young company," said Kirk Pond, Fairchild's chairman, president and chief executive officer. "We are proud of the unique and innovative programs we have developed to hire and retain a world class, motivated employee base. I am not surprised at this ranking, given our approach to education, recruitment, broad-based competitive compensation programs, strong performance based bonus plans and special emphasis on key technologist attraction and retention. Our employees are the best of the best, and their competence has been borne out by Fairchild's record in its first four years. Our growth has outpaced the industry, we've introduced more than 2000 new products, tripled our revenues, completed six acquisitions, gained market share in all our businesses and we're now developing leading e-business capabilities. We encourage innovation and empowerment, enabling our people to assume responsibility and participate in the overall growth and success of the company. Our employees are the fuel that make the engine run.

"Everyone at Fairchild Semiconductor works hard, delivering on our mission to be the leading provider of high performance semiconductors to multiple end markets. We're focused on developing leading-edge power and interface solutions - managing, conditioning and routing power in every conceivable electronics application," Pond continued. "Our success is in large part attributable to our worldwide team. I am grateful for the continued commitment of our employees and for this recognition by Cahners Research."

About Fairchild Semiconductor International:

Fairchild Semiconductor International (NYSE:FCS) is a leading global supplier of high performance products for multiple end markets. With a focus on developing leading edge power and interface solutions to enable the electronics of today and tomorrow, Fairchild's components are used in computing, communications, consumer, industrial, automotive and aerospace applications. Fairchild's 11,000 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:

This press release includes forward-looking statements that are based on management's assumptions and expectations and that involve risk and uncertainty. Forward-looking statements usually, but do not always, contain forward-looking terminology such as "we believe," "we expect," "we plan," 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 economic conditions; changes in demand for our products; changes in inventories at our customers and distributors; technological and product development risks; availability of manufacturing capacity; availability of raw materials; competitors' actions; loss of key customers; order cancellations or reduced bookings; changes in manufacturing yields or output; and significant litigation. These and other risk factors are discussed in the company's quarterly and annual reports filed with the SEC and available at www.sec.gov (see the Risk Factors subsection of the Business section in our annual report on Form 10-K for the year ended December 31, 2000).