Fairchild Semiconductor Executives to Address Upcoming Financial Conferences

Business Wire, June 1, 2004

Business Editors/High-Tech Writers

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--June 1, 2004

Fairchild Semiconductor (NYSE: FCS):

-- President and CEO Kirk Pond to Speak at the 15th Annual Bear

Stearns Technology Conference

-- CFO Matt Towse to Speak at the Smith Barney Citigroup Fifth

Annual Semiconductor Conference and at the CIBC World Markets

Communications & Technology Food Chain Conference

-- Presentations to be Webcast, Available for 30 Days

Fairchild Semiconductor (NYSE: FCS), the leading global supplier of high performance products that optimize power, today announced that executives from the company will speak at upcoming financial conferences. All presentations will be webcast and available on Fairchild's Investor Relations web site at http://investor.fairchildsemi.com for 30 days following the event.

-- President, Chairman and CEO Kirk Pond will address the 15th

Annual Bear Stearns Technology Conference on June 15th at

11:00 am ET at the Grand Hyatt in New York City.

-- Senior Vice President and Chief Financial Officer Matt Towse

will speak at the Smith Barney Citigroup Fifth Annual

Semiconductor Conference on June 2nd at 1:30 pm PT at the

Monterey Plaza Hotel, Monterey, California. Additionally,

Towse will speak at the CIBC World Markets Communications &

Technology Food Chain Conference on June 8th at 9:10 am ET at

The Plaza Hotel in New York City.

"Fairchild Semiconductor continues to build its leading position as the Power Franchise(TM)," said Pond. "By leveraging our stream of new power products across multiple end markets, we continue to meet the requirements for power hungry features in a broad range of applications, including handsets now loaded with communications and entertainment functionality. The success of our new power products, now more than 74% of our revenue, combined with our strategies for factory utilization, increased presence in Asia and operational efficiencies have contributed to our growth and improved profits."

Fairchild's components manage, distribute, convert and minimize power in a broad range of end markets including computing and display, industrial, consumer, communications and automotive. New power products are gaining strong acceptance with customers, including Smart Power Modules for electric motors, air conditioners and inductive heating; Green Mode power switches for battery chargers, televisions, display and PCs; MOSFETs for notebooks, displays and plasma panels; IGBTs for ignition control and induction heating; and power supply controllers for microprocessors.

About 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 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:

The paragraphs above contain 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," 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; 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 Securities and Exchange Commission (SEC) and available at the Investor Relations section of Fairchild Semiconductor's web site at http://investor.fairchildsemi.com or the SEC's web site at www.sec.gov.