Profile: Fairchild Semiconductor International, Inc. (FCS)

Fairchild Semiconductor International, Inc. (Fairchild) is focused on developing, manufacturing and selling power analog, power discrete and certain non-power semiconductor solutions to a range of end market customers. During the year ended December 31, 2008, 85% of the Company’s sales were from power discrete and power analog semiconductor products used directly in applications, such as power conversion, regulation, distribution and management. Fairchild’s products are used in a variety of electronic applications, including computers and Internet hardware; communications; networking and storage equipment; industrial power supply and instrumentation equipment; consumer electronics, such as digital cameras, displays, audio/video devices and household appliances, and automotive applications. The Company’s products are organized into three segments: Mobile, Computing, Consumer and Communication (MCCC); Power Conversion, Industrial and Automotive (PCIA), and Standard Products (SPG).

Mobile, Computing, Consumer and Communication

The Company designs, manufactures and markets analog and mixed signal integrated circuits for computing, consumer and communication applications. These products are manufactured using bipolar, complementary metal-oxide semiconductor (CMOS), bipolar complementary metal oxide semiconductor (BiCMOS) and double-diffused metal-oxide semiconductor (BCDMOS) technologies. Analog products monitor, interpret and control continuously variable functions, such as light, color, sound and energy. The Company provides a range of analog products that perform tasks, such as interface, voltage regulation, and system management. Analog voltage regulator circuits are used to provide constant voltages, as well as to step up or step down voltage levels on a circuit board. These products are used in a variety of computing, communications and consumer applications.

Interface products generally connect signals from one part of a system to another part of a system. Typical interface applications include backplane driving, bus driving, clock driving and box-to-box or system-to-system interconnects. One of its products in the interface market is the µSerDes (micro Serializer Deserializer). The µSerDes serializes analog signals and drives them over a ribbon connector in applications, such as clam shell handsets and pop-up liquid crystal display (LCD) viewers on photo printers. In addition to the power analog and interface products, the Company also offers signal path products. These include analog and digital switches, video encoders and decoders, video filters and amplifiers. The analog switch functions are found in cellular handsets and other ultra portable applications. The video products provide a single chip solution to video filtering and amplification. Video filtering applications include set top boxes and digital television.

The Company designs, manufactures and markets power semiconductor solutions for computing, communications, mobile, consumer and industrial applications. Power semiconductor solutions include power discrete components (power MOSFETs), analog integrated circuits, and multi-chip and monolithic power solutions. The Company produces low power MOSFETs under its PowerTrench, UltraFET and QFET brands. During 2008, the Company launched its family of TinyBuck products. TinyBuck integrates a controller integrated circuits (IC), a driver IC and a set of Power MOSFET devices, offering a power stage solution for power conversion applications in computing, consumer, communications and industrial systems.

The Company competes with Analog Devices, Linear Technology, Maxim, Intersil Corporation, National Semiconductor, ST Microelectronics, Micrel, ON Semiconductor and Texas Instruments.

Power Conversion, Industrial and Automotive (PCIA)

The Company designs, manufactures and markets power discrete semiconductors, analog and mixed signal integrated circuits for power conversion, industrial and automotive applications. Discrete devices are individual diodes or transistors that perform power switching, power conditioning and signal amplification functions in electronic circuits. More than 85% of Fairchild’s discrete products are power discrete, which handle greater than one watt of power and are used in power applications. Fairchild has an expanded series of SPM products. This product is a multi-chip module containing up to 23 die in a single package, including diodes, power MOSFETs, and power controllers used in high power, high voltage consumer white goods and industrial applications. The Company manufactures products using DMOS and Bipolar technologies.

The Company competes with Power Integrations, STMicroelectronics, International Rectifier, NXP, Infineon, ON Semiconductor and Vishay.

Standard Products (SPG)

SPG combines the management of mature and multiple market products, and consists of the four product groups: logic products, standard diode & transistor products (SDT), optoelectronic products and standard linear products. The Company designs, develops, manufactures and markets standard logic devices utilizing three wafer fabrication processes: CMOS, BiCMOS and bipolar. Logic products perform a variety of functions in a system, mostly in the interface between application-specific ICs, microprocessors, memory components or connectors. Products are typically categorized into mature segments and advanced logic segments.

SDT devices cover a range of semiconductor products, including MOSFET, bipolar, discrete small signal transistors and diodes. Optoelectronics covers a range of semiconductor devices that emit and sense both visible and infrared light. The Company designs, manufactures and markets analog integrated circuits for computing, consumer, communications, ultra-portable and industrial applications. These products are manufactured using bipolar, CMOS and BiCMOS technologies. The Company also offers low-voltage op-amp that provide a combination of low power, rail-to-rail performance, low voltage operation, and tiny package options, which is suited for use in personal electronics equipment.

The Company competes with Texas Instruments, Toshiba, NXP, International Rectifier, Diodes Incorporated, ST Microelectronics, ON Semiconductor, Vishay, Lite-On and National Semiconductor.