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

Business Wire, May 2, 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 May and June:

CFO Matt Towse will address:

--CIBC World Markets Annual Communications & Technology Conference at the Grand Hyatt Hotel, New York, NY on May 10th at 7:50 a.m. EDT;

--JP Morgan 33rd Annual Technology Conference at the Westin St. Francis, San Francisco, CA on May 19th at 11:15 a.m. PDT; and

--Bear Stearns 16th Annual Technology Conference at the Grand Hyatt Hotel, New York, NY on June 8th at 10:00 a.m. EDT.

Treasurer Pete Groth will address:

--Smith Barney Citigroup Sixth Annual Semiconductor Conference at the Monterey Plaza Hotel, Monterey, CA on June 1st at 8:40 a.m. PDT.

Senior Director of Investor Relations Dan Janson will address:

--Piper Jaffray Technology Conference at the New York Palace Hotel, New York, NY on May 11th at 9:40 a.m. EDT.

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

"Fairchild continues to prove its dominance as The Power Franchise(R) with 76% of sales from power products, an increase from approximately 14% eight years ago," said Towse. "We grew our total sales to $1.6 billion in 2004, and we reached a significant milestone in our power components by shipping over one million devices of our highly integrated smart power modules (SPM(TM)) during the first quarter of 2005. Our new uSerDes(TM) analog products provide innovative solutions to better manage data exchange on cell phones, and we're shipping prototypes of our newest PowerTrench(R)V devices enabling higher performance in smaller form factors.

"These devices are examples of the high value added products we're developing," continued Towse. "Our more complex power business is making excellent progress. By expanding our innovative power analog and power discrete solutions, we're providing our customers with more complex, highly integrated power management products that deliver the solutions needed in today's electronics."

Fairchild will issue its mid-quarter guidance for Q2 2005 on June 1, 2005.

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:

Some of the paragraphs above contain forward-looking statements that are based on management's assumptions and expectations and that involve risk and uncertainty. Other forward-looking statements may also be found in this news release. 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, including the risks of failing to maintain the right to use some technologies or failing to adequately protect our own intellectual property against misappropriation or infringement; availability of manufacturing capacity; the risk of production delays; availability of raw materials; competitors' actions; loss of key customers, including but not limited to distributors; the inability to attract and retain key management and other employees; order cancellations or reduced bookings; changes in manufacturing yields or output; risks related to warranty and product liability claims; risks inherent in doing business internationally; regulatory risks 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 investor.fairchildsemi.com or the SEC's web site at www.sec.gov.