Fairchild Semiconductor Senior Executives to Speak at Key Financial Conferences; Presentations to be Webcast

Business Wire, Feb 25, 2005

SOUTH PORTLAND, Maine -- Fairchild Semiconductor (NYSE: FCS), the leading global supplier of high performance products that optimize system power, today announced that senior executives from the company will present at the following key financial conferences during March:

--CFO Matt Towse will present at the CSFB Global Semiconductor & Capital Equipment Conference at the Ritz-Carlton, Miami, Florida on March 2nd, at 1:00 p.m. ET;

--President, CEO and Chairman of the Board Kirk Pond and Executive Vice President Mark Thompson will present at the Raymond James & Associates 26th Annual Institutional Investors Conference at the Hyatt Regency Grand Cypress, Orlando, Florida on March 8th, at 8:40 a.m. ET; and

--Senior Executive Vice President and Vice Chairman of the Board Joseph Martin will present at the Morgan Stanley Semiconductor & Systems Conference at the St. Regis Monarch Beach Resort & Spa, Dana Point, California on March 8th, at 11:00 a.m. ET.

The presentations will be webcast and available on Fairchild's Investor Relations website at http://investor.fairchildsemi.com for 30 days following the event.

"Fairchild is the global leader in the fast growing, high performance power semiconductor market," said Pond. "We grew our power business 24% in 2004 by focusing on developing new products that convert, control and condition power for multiple end markets. With power products contributing 73% of the company's revenues, we remain the number one global provider of power discrete and analog components. Key to our success has been working closely with our customers in markets ranging from cell phones and computers to appliances, power supplies and battery chargers. Our Global Power Resource(TM) Centers provide design support to reduce time to market for our customers.

"We grew our power business while providing more stable margins and increased earnings as we reduced debt and interest expense," continued Pond. "We recently redeemed all our 10 1/2 % Senior Subordinated Notes due in 2009, and we anticipate reducing our annual interest expense by approximately $33 million based on LIBOR rates applicable at the time we called the notes. During 2004, we expanded our presence is Asia Pacific - the fastest growing region in the world for semiconductors, according to the 2005 McClean Report - forming a relationship with Changhong Electric, one of China's largest consumer products manufacturers, and Tsinghua University, establishing our first silicon laboratory and expanding our R&D efforts in the region.

"In 2005, we'll continue building our Power Franchise(R) by delivering innovative new products that drive higher and more stable margins through all phases of the business cycle," concluded Pond.

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:

The paragraphs above may 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 prevailing interest rates; 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.