Fairchild Semiconductor Executives to Speak at Top Financial Conferences; Conferences Available Via Webcast

Business Wire, Feb 22, 2006

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

Vice President of Business Development, Peter Groth, will participate in:

--Raymond James & Associates 27th Annual Institutional Investors Conference at the Hyatt Regency in Orlando, Florida, on Tuesday, March 7 at 9:15 a.m. EST; and

--Citigroup Small and Mid-Cap Conference at the Four Seasons Hotel in Las Vegas, Nevada, on Wednesday, March 15 at 8:05 a.m. PST.

Senior Director of Investor Relations, Dan Janson, will present at:

--Wedbush Morgan 4th Annual Small Cap Conference at Le Parker Meridien Hotel in New York, New York, on Thursday, March 1 at 10:00 a.m. EST; and

--Morgan Stanley Semiconductor and Systems Conference at the St. Regis Monarch Beach Resort in Dana Point, California, on Tuesday, March 7 at 9:30 a.m. PST.

"As a leader in analog and power components, Fairchild saw solid sales in the fourth quarter of 2005 across all end markets with specific strength in computing, consumer and industrial applications," said Janson. "Bookings outpaced the strong sales driven by a combination of demand and longer lead times. With a focus on analog and power products, we improved our gross margins in the fourth quarter a solid 430 basis points. We made excellent progress in 2005 by improving our management of the distribution channel, reducing inventories throughout the supply chain, and reducing our capital spending and ultimately depreciation expense. Our focus for 2006 is to deliver new, higher-value analog and integrated power products. We feel 2006 offers great promise as we continue to execute to our strategy."

Each presentation will be webcast and available on the Investor Relations section of Fairchild's website, www.investor.fairchildsemi.com, for thirty days following the event. Access each webcast by clicking on the conference name.

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. Fairchild's 9,000 employees design, manufacture and market power, analog & mixed signal, interface, logic, and optoelectronics products. Please contact us on the web at www.fairchildsemi.com.

Special Note on Forward-Looking Statements:

This press release contains 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 the future performance of Fairchild Semiconductor or the industries and markets we serve. 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 investor.fairchildsemi.com or the SEC's web site at www.sec.gov.