Fairchild Semiconductor Executives to Speak at Key Financial Conferences; To Address Thomas Weisel Tech2005 and Smith Barney Small & Mid-Cap Conference

Business Wire, Feb 3, 2005

SOUTH PORTLAND, Maine -- Fairchild Semiconductor (NYSE: FCS), the leading global supplier of high performance products that optimize system power, today announced that Vice President and Corporate Treasurer, Pete Groth and Senior Director Investor Relations, Dan Janson will speak at the following upcoming financial conferences:

--Janson will present at the Thomas Weisel Tech2005 at The Fairmont San Francisco in San Francisco, California on February 8 at 10:20 a.m. PT, and

--Groth will present at the Smith Barney Small & Mid-Cap Conference at the Four Seasons at Mandalay Bay, Las Vegas, Nevada on February 16 at 3:05 p.m. PT.

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

"With a 24% growth in our power business in 2004, Fairchild continues to be well positioned as the leading supplier of power semiconductors," said Groth. "We're seeing increased demand in computing, consumer, and power supply and battery charger segments. Lead times are stabilizing and our backlog is building again. By continuing to increase our mix of higher-value power products, we have demonstrated our ability to deliver advanced new products and systems that meet or exceed our customers' requirements. An example of this success is our Fairchild Power Switch (FPS(TM)) product line that grew sales 39% year over year.

"Fairchild continues to be the world's number one supplier of power analog and discrete products," continued Groth. "We increased our power analog sales more than 25% and power discrete about 24% year over year in 2004, which reflect steady market share gains. We have double the power semiconductor market share of our nearest competitor in Asia Pacific. We closed out a successful 2004 and look forward to building our Power Franchise(R) globally by providing high-value new power products throughout 2005."

Fairchild's components convert, control and condition power in a broad range of end markets including computing and display, industrial, consumer, communications and automotive. The company's power solutions continue to gain strong acceptance with customers, including the VRM10 compliant power management solutions, which are designed in two of the three largest PC manufacturers; green mode FPS devices for battery chargers, televisions, display and PCs; and MOSFETs in advanced packages for notebooks, displays and plasma panels; as well as Smart Power Modules (SPM(TM)) that deliver totally integrated, proprietary power management solutions to leading appliance and consumer electronics manufacturers.

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 approximately 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 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.