Fairchild Semiconductor Completes Purchase of Data Conversion Business of Signal Processing Technologies, Inc.

Business/Technology Editors

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--April 1, 2002

- Acquisition Adds Leading-Edge Converter Products in Analog Signal Chain Applications

- Business was a Component of Toko, Inc., a Multinational Corporation Based in Japan

Fairchild Semiconductor International (NYSE:FCS) today announced it has completed the acquisition of Toko, Inc.'s data conversion business and its design center, Signal Processing Technologies, Inc. (SPT), located in Colorado Springs, Colorado, for an undisclosed amount.

The acquisition adds to Fairchild's growing Analog and Mixed Signal product offering. SPT designs analog-to-digital converters (ADCs), digital-to-analog converters (DACs) and comparators for multi-market products that focus on the high end of the resolution/speed curve.

Fairchild will combine the SPT technologies and Fairchild's world-class manufacturing processes to cost effectively produce these products for the emerging high-end consumer market.

Key product applications are in:

- Video / Imaging for use in medical ultrasound, professional broadcast video,
high-end consumer video and infrared imaging;

- Communications, particularly in cellular base stations and infrastructure,
data transmission over cellular infrastructure, wireless local loops, satellite
communications and over wireless asynchronous transmission mode; and

- Instrumentation including lab equipment, radar, automated test equipment
memory testers, and digital oscilloscopes.

"This acquisition will deepen Fairchild's penetration into growing product applications, particularly in the consumer, communications and instrumentation fields," said Kirk Pond, president, CEO and chairman of the board of Fairchild Semiconductor. "In five short years, Fairchild has developed its analog products business from zero to more than $300 million annually. This acquisition adds key products to our analog portfolio and will further drive our analog success story. This is another step in Fairchild's two-pronged strategy to grow through acquisitions and new product development."

"We're excited to have these leading-edge products in our portfolio, as they allow us to increase our position in key signal chain applications," said Keith Jackson, vice president and general manager of the Analog and Mixed Signal Business Group at Fairchild Semiconductor. "Combining SPT's high speed and high resolution analog-to-digital and digital-to-analog converters with our emerging signal conditioning product family, increases Fairchild's overall ability to participate in applications not available to us previously."

SPT is a subsidiary of Toko, Inc. With worldwide operations based in Japan, the Toko Group is a multinational manufacturer of electronic components, subassemblies and systems.

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 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.

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 global or regional economic or political conditions (including as a result of terrorist attacks and responses to them); 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 more detail in our annual and quarterly filings with the Securities and Exchange Commission, available on the SEC's website at www.sec.gov or at Fairchild Semiconductor's website at www.investor.fairchildsemi.com.