Fairchild Semiconductor Executives to Discuss Success Strategies to Continue to Grow the Company's Power Franchise-TM- at Upcoming Financial Conferences

Business Wire, Jan 27, 2003

Business Editors/High-Tech Writers

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Jan. 27, 2003

Fairchild Semiconductor (NYSE: FCS), one of the largest global suppliers of high performance power optimizing products for multiple end markets, announced today that senior executives will speak at five leading financial conferences over the coming weeks. Two of these conferences will be web cast. Fairchild Semiconductor will provide a link to the web casts on its investor relations web page at www.fairchildsemi.com. At these conferences, the company will review its ongoing multi-pronged plan for driving growth as the leading supplier of components that optimize system power, while continuing to manage cash flow and operational expenses.

Details regarding Fairchild conference participation are as follows:

-- On January 28th, Dave Henry, vice president of Finance, will speak at the J.P. Morgan High Yield Conference at the New Orleans Hotel in New Orleans, LA;

-- On February 5th, Pete Groth, senior director of Investor Relations, will speak at the Thomas Weisel Tech 2003 Conference at the Fairmont Hotel in San Francisco, CA. This conference will be web cast. A link is available on Fairchild Semiconductor's investor relations web page;

-- On February 11th, Pete Groth will speak at the Credit Suisse First Boston Fixed Income Technology Conference at CSFB's New York Office at 11 Madison Avenue in New York, NY;

-- On February 12th, Joe Martin, executive vice president and chief financial officer, will keynote at CFO Magazine's Excellence in Finance: Building Strategic Capability Conference at the Wigwam Resort in Phoenix, AZ;

-- On February 13th, Pete Groth will present at the Wall Street Analyst Forum at The Roosevelt Hotel in New York, NY. This conference will be web cast. A link is available on Fairchild Semiconductor's investor relations web page.

In the fourth quarter of 2002 alone, Fairchild's power analog and power discrete sales grew 13% year-over-year, and the company gained significant power design wins in battery protection, DVD, game console, notebook, cell phone, plasma displays, peripherals and PDA applications. Additionally, during this same time, the company also recorded its 16th straight quarter with positive operating cash flow, and increased its balance sheet cash and marketable investments for the sixth straight quarter. In 2002, Fairchild shipped an all-time-high record number of units within all its product segments.

Fairchild Semiconductor:

Fairchild Semiconductor (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 and automotive applications. Fairchild's 10,000 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.