Fairchild Semiconductor Refines Management Structure to Accelerate Strategic Growth.

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SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Feb. 17, 2004

-- Company Names Dr. Izak Bencuya to Newly Created Position of Chief Strategy Officer

-- Thomas Beaver Joins Company as Executive Vice President of Worldwide Sales and Marketing

Fairchild Semiconductor (NYSE: FCS), one of the largest global suppliers of high performance products that optimize system power, today announced the appointment of Dr. Izak Bencuya as chief strategy officer and Thomas Beaver as executive vice president of Worldwide Sales and Marketing.

Dr. Bencuya, currently executive vice president and general manager of Fairchild's Power Discrete Group, will drive the direction and development of the company's power products across all business units and target market segments while retaining his current responsibilities. Dr. Bencuya has more than twenty-five years experience developing leading edge power solutions and holds numerous patents.

Tom will direct all sales and marketing functions globally. He comes to Fairchild with broad industry experience, including positions as the former CEO and president of Wyle Electronics and a thirty year career at Motorola culminating as corporate vice president and director of marketing and sales for the Networking and Computer Systems Group. Currently Tom is the senior vice president and general manager of Xiran, a division of SimpleTech (Nasdaq: STEC), a leader in direct path streaming technology.

"I'm pleased to place such key industry leaders in these strategically important positions," said Kirk Pond, Fairchild's president, CEO and chairman of the Board. "Fairchild is the world's largest supplier of power semiconductors, and we were recently named the third largest global supplier of power integrated circuits by Venture Development Corporation. This is a tremendous accomplishment for such a young company. Having people with the industry depth and caliber of Izak and Tom in significant leadership roles going forward is a testimony to the quality of all our employees and the soundness of Fairchild's business strategy.

"Izak has been instrumental to our success, and I know he'll bring that same drive, determination and expertise to his new role across the entire breadth of our organization," continued Pond. "He possesses a deep technical knowledge and clear strategic vision. Those talents, coupled with the high respect he garners from his co-workers, will help lead Fairchild on a path of continuing growth and prosperity as The Power Franchise(R).

"I'm thrilled to welcome a leader like Tom Beaver to drive our sales and marketing initiatives. His commitment to meeting our customers' needs, combined with his depth of knowledge about our industry and sales channels, will help accelerate Fairchild's growth to its next stage," said Pond.

Izak has a BSEE from Bosphorous University in Istanbul, Turkey, an MS and PhD in Engineering and Applied Science from Yale University and an MBA from the University of California-Berkeley.

Tom holds a BSEE in electronics and business from Marquette University and did graduate studies in marketing at the University of Minnesota. He serves on Marquette University's Engineering Advisory Board and is the holder of two patents in electronics.

Fairchild also announced the resignation of Hans Wildenberg, chief operating officer. "Hans helped us weather the recent industry downturn very well," said Pond. "With the recession behind us, he has decided to pursue other interests. I appreciate his contributions."

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.

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