SAN JOSE, Calif.—(BUSINESS WIRE)—December 24, 2007— Fairchild Semiconductor said it is evaluating its options following the dismissal of its patent infringement lawsuit against Power Integrations. The court overseeing the matter said the current case could not continue because of legal standing issues relating to license arrangements between Fairchild and Intersil Americas, which owns the patent. Both Intersil and Fairchild are parties to the lawsuit. The judge in the case explicitly left open the possibility for the standing issues to be addressed and the suit reinstituted. The underlying merits of Intersil and Fairchild's patent infringement case against Power Integrations were not addressed in the judge's ruling. This case is separate from Power Integrations' lawsuit against Fairchild, which is continuing in the same court.

Special Note on Forward-Looking Statements

Some of the paragraphs above contain forward-looking statements that are based on management's assumptions and expectations and that involve risk and uncertainty. All statements in this release, other than statements or characterizations of historical fact, are forward-looking statements. Forward-looking statements usually, but do not always, contain forward-looking terminology such as "we believe," "we expect," 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. Important factors that may cause such a difference for Fairchild Semiconductor in connection with the company's litigation with Power Integrations include, but are not limited to, the company's ability and/or willingness to address standing issues in the case, and to prevail in doing so, the company's ability to prevail in the litigation in general, and the risks associated with litigation in general, including the costs and time that must be devoted to litigation, the potential diversion of attention of management and key employees that may result from being engaged in litigation, and the possibility of adverse results. Risk factors affecting the company generally, including those related to intellectual property and litigation, are discussed in the company's quarterly and annual reports filed with the Securities and Exchange Commission (SEC) and available at the Investor Relations section of Fairchild Semiconductor's web site at investor.fairchildsemi.com or the SEC's web site at www.sec.gov.

About Fairchild Semiconductor:

Fairchild Semiconductor (NYSE: FCS) is the leading global supplier of high-performance power products critical to today's leading electronic applications in the computing, communications, consumer, industrial and automotive segments. Fairchild, The Power Franchise(R), offers the industry's broadest portfolio of power discrete and analog products that optimize system power as well as leading signal path components that complement them. 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 product supplier providing online design tools and design centers worldwide as part of its comprehensive Global Power Resource(TM). Please contact us on the web at www.fairchildsemi.com.

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