Fairchild Semiconductor Enters Into Sale of Equipment and Supply Agreements with Lite-On Technology Corporation

SOUTH PORTLAND, Maine--Oct. 2, 20039, 2003--Fairchild Semiconductor , a leading supplier of high performance products that optimize system power for multiple end markets, today announced it has entered into sale of equipment and product supply agreements with Lite-On Technology Corporation of Taiwan, R.O.C.. The equipment transfer and product supply agreements will facilitate Fairchild's previously announced plans to close their Wuxi, China and Kuala Lumpur, Malaysia manufacturing facilities.

Lite-On will purchase manufacturing equipment currently located in Wuxi and Kuala Lumpur from Fairchild. The equipment is expected to be transferred to Lite-On over the next six months. No other assets, including intellectual property, business agreements or products, are included in the sale of the equipment.

Under a separate product supply agreement, Lite-On will manufacture components currently made at the two sites for Fairchild - specifically infrared devices, optocouplers and displays. Fairchild will continue to meet its customers' needs for these products through its current sales channels.

Further terms of the agreements have not been disclosed.

About Fairchild Semiconductor:

Fairchild Semiconductor 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 investor.fairchildsemi.com.