Fairchild Semiconductor Receives Philippines' Distinguished Child Friendly Award; Highest Honor Given by the Employers Confederation of the Philippines.

Business/Technology Editors

CEBU, Philippines--(BUSINESS WIRE)--March 15, 2002

Fairchild Semiconductor International (NYSE: FCS), the leading global supplier of high performance products for multiple end markets, has received the Child Friendly 3-Stars Award - the top honor awarded by the Employers Confederation of the Philippines (ECOP) for a company's standing as both "child friendly" and "child labor free". The award was recently presented by the Cebu Chamber of Commerce and Industry for Fairchild Semiconductor Cebu's Community Care Program.

The ECOP recognizes "child-labor free" and "child-friendly" firms such as Fairchild with a golden badge of honor - a unique signal of quality indicating to customers that the company's products or services are free from child exploitation. This badge of recognition is also an assurance that at no stage in the production of the good or services have children, youth or juveniles been exploited by the firm and their suppliers or subcontractors.

Fairchild Cebu's Community Care Program was instrumental in enabling the company to receive the Child Friendly 3-Stars Award. The program is focused on improving the quality of public education, preserving the environment and benefiting school children of the neighboring communities. Fairchild Semiconductor Cebu's Community Care Program supports the following initiatives:

      -- Adopt-a-School,
      -- Send-a-Child-to-School,
      -- Academic Excellence Promotion,
      -- High School Students Educational Plant Tour,
      -- College Scholarship Program,
      -- Paint-an-Environment Contest,
      -- Plant-and-Foster-a-Tree,
      -- Specific Health Campaigns;
          --  Operation "Tuli",
          --  Hepatitis and Influenza Immunization,
          --  Anti-Dengue Campaign.

In order to be considered for the Child Friendly 3-Stars Award, companies must demonstrate success and achievement in the following hallmarks of good business:

-- Compliance with Philippine labor laws and regulations,

-- Known and documented policies and practices of not employing

children,

-- Existence of advocacy program against child exploitation and abuse, and

-- Commitment to undertake collaborative activities against exploitation and abuse.

"Community outreach is a fundamental belief at Fairchild. Employees strive to participate in ways to better our communities and share whatever blessings we have," said Rodulfo Bollozos, Fairchild Cebu managing director. "We're very grateful for employees who share their personal time and money in this endeavor. The award we received is a tribute to their accomplishments."

The annual award is a project of the Employers Confederation of the Philippines for the International Labor Organization (ILO) - International Program for the Elimination of Child Labor. In Cebu, ECOP's implementing agency is the Chamber of Commerce and Industry (CCCI).

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 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.