Fairchild Semiconductor Achieves Occupational Health & Safety Certification for Cebu, Philippines Facility.

Business Editors/High-Tech Writers

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Jan. 29, 2003

Fairchild Semiconductor (NYSE: FCS):

-- Represents First Company in Cebu and Entire Visayan Islands to be OHSAS Certified

-- Second Fairchild Manufacturing Site to Receive OHSAS Certification

Fairchild Semiconductor (NYSE: FCS), one of the largest global suppliers of high performance power optimizing products for multiple end markets, today announced that its Cebu, Philippines assembly and test facility has received the internationally recognized Occupational Health and Safety Assessment Series (OHSAS) 18001 certification.

Fairchild is the first company within Cebu, as well as the broader Philippine Visayan Islands, to be OHSAS 18001 certified. Fairchild also recently achieved OHSAS compliance at its Penang, Malaysia manufacturing facility and was awarded the KOSHA 2000 certification for its Bucheon, Korea manufacturing facility. KOSHA 2000 is the Korean equivalent to OHSAS 18001.

"With this latest Health and Safety certification, Fairchild continues to demonstrate its commitment to protecting employees and the environment," said Kirk Pond, Fairchild's president, CEO and chairman of the Board. "We congratulate the Cebu team and applaud their unflinching support of health, safety and environmental excellence."

OHSAS 18001 certification was created through the combined work of 80% of the world's leading national standards and certification bodies. Compatible with the International Organization for Standardization (ISO) 9001 for quality and ISO 14001 for environmental management systems standards, OHSAS is designed to minimize risk of accidents and near-miss incidents that employees and other parties may encounter while participating in work-related activities.

OHSAS certification indicates that a company's health and safety management system has been audited by an accredited third party registrar and has been found to conform to required specifications. Improvements in health and safety performance after implementing the system must be evident at the time of the audit.

Cebu's OHSAS certification marks the latest of the facility's many health, safety, and environmental achievements. Other Cebu honors include:

-- ISO 14001, ISO 9001 and QS 9000 Certification;

-- Three time winner of Cebu's Business for Environment Award,

for its commitment to environmental protection in 1998, 1999

and 2000;

-- Employers Confederation of the Philippines' 2002 Child

Friendly 3-Stars Award, for its standing as a "child friendly"

and "child labor free" organization; and

-- 2000 Best Community Projects in Mactan Island and Cebu,

presented by Philippines President Joseph Estrada, for its

efforts to combat infectious disease, support education, the

environment and humanitarian projects.

Fairchild's Cebu facility has also achieved 9,000,000 man-hours of zero loss-time accidents, marking a two year record for no lost time work related accidents.

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 10,000 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.