Fairchild Semiconductor Announces Sale of RF Business Assets to ANADIGICS
San Jose, California – September 5, 2007 – Fairchild Semiconductor (NYSE: FCS), the leading global supplier of high performance products that optimize system power, announced today that it has closed a transaction to sell selected assets of its RF Group to ANADIGICS, Inc., for cash.
The RF Group assets include licenses to intellectual property, customer and vendor lists, equipment and selected leases. ANADIGICS has hired 23 RF design and engineering professionals from the RF Group and will maintain the design center in Massachusetts. As part of the transaction, ANADIGICS has agreed to assist Fairchild transition out of the RF business by providing both business and technical support for a period of time.
The divestiture of the RF Group and assets allows Fairchild to more sharply focus its resources on the design and manufacturing of power semiconductor products that drive energy efficiency in the communications, computing, industrial, ultra portable and automotive market segments, and analog and mixed-signal products for signal path applications in ultra portable segments. Fairchild expects the hiring by ANADIGICS, an industry leader in power amplifiers for wireless and broadband applications, of the RF employees will provide the employees and ANADIGICS with new growth opportunities. The transaction is not expected to have a material impact on Fairchild’s financial statements.
To learn more contact:
Fairchild Semiconductor:
Patti Olson
Corporate Communications
Phone: (800) 341-0392 X 8728
Fax: (207) 775-8161
Email: patti.olson@fairchildsemi.com
Agency Contact:
Marsha Lisak , Senior Account Executive
WelComm, Inc.
7975 Raytheon Rd. Ste 340
San Diego, CA 92111
Phone: (805) 223-2311
Fax: (858) 279-5400
Email: marsha@welcomm.com
About Fairchild Semiconductor:
Fairchild Semiconductor (NYSE: FCS) is the global leader in power analog
and power discrete technologies delivering energy-efficient solutions for
all electronic systems. Recognized as The Power Franchise®, Fairchild provides
leading-edge silicon and packaging technologies, manufacturing strength
and system expertise. In 2007, Fairchild celebrates its “50/10” anniversary,
commemorating 10 years as a new company and 50 years in the industry. Known
as the “Father of Silicon Valley,” Fairchild developed the planar transistor
in 1958––and with it a new industry. Today, Fairchild is an application-driven,
solution-based semiconductor supplier providing online design tools and
design centers worldwide as part of its comprehensive Global Power ResourceSM .
Please contact us on the web at www.fairchildsemi.com.
