Celestica Recognizes Fairchild Semiconductor With Third Year Global Supplier Award.

Business/Technology Editors

TORONTO, Ontario--(BUSINESS WIRE)--June 15, 2001

Partner in Performance award presented by Celestica at its third

annual Global Supplier Awards for Supply Chain Management

Fairchild is one of only two semiconductor companies to win the

award three years in a row

Fairchild Semiconductor International (NYSE: FCS) today announced it was awarded a third year Partners in Performance award by Celestica Inc. (NYSE, TSE: CLS), a world leader in electronics manufacturing services (EMS).

Awards were handed out last night to select suppliers at Celestica's third annual Global Supplier Awards in Toronto. The awards were given in recognition of outstanding achievements and support of Celestica's electronics manufacturing services goals.

"Fairchild Semiconductor is pleased to be recognized for our global customer service by an industry leader like Celestica," says Darrell Mayeux, Fairchild's executive vice president of Worldwide Sales and Marketing. "We're especially honored to be one of only two semiconductor companies recognized by Celestica for three straight years. We feel these Partners in Performance awards affirm Fairchild's role as the leading supplier of high performance products to multiple end market applications. It's gratifying to see that our focus on delivering high quality, leading power and interface solutions in a timely, cost-effective way helps enable Celestica's success."

The Partners in Performance awards are given to suppliers based on their ability to support Celestica's global supply chain management objectives in the following areas: flexibility and responsiveness, impact on asset management, effectiveness and efficiency, and overall supplier performance.

"Fairchild's support of Celestica's supply chain requirements were essential to the success of Celestica's relationships with its customers," said Karlheinz Totz, vice president, corporate commodity management, Celestica. "We're proud to recognize Fairchild as one of Celestica's Partners in Performance."

About Celestica

Celestica is a world leader in electronics manufacturing services (EMS) for industry leading original equipment manufacturers (OEMs), primarily in the computer and communications sectors. With facilities in North America, Europe, Asia and Latin America, Celestica provides a broad range of services including design, prototyping, assembly, testing, product assurance, supply chain management, worldwide distribution and after-sales service.

For further information on Celestica, visit its website at http://www.celestica.com. The company's security filings can also be accessed at http://www.sedar.com and http://www.sec.gov.com.

About Fairchild Semiconductor International:

Fairchild Semiconductor International (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, automotive and aerospace applications. Fairchild's 11,000 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:

This press release includes 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," "we plan," 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 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 SEC and available at www.sec.gov (see the Risk Factors subsection of the Business section in our annual report on Form 10-K for the year ended December 31, 2000).