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. As The Power Franchise®, Fairchild offers the industry's broadest portfolio of components that optimize system power through minimization, conversion, management and distribution functions. Fairchild's 9,400 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.
The analog and power semiconductor industry experienced a muted business cycle in 2007 with a weak first half followed by stronger demand in the second half of the year. 2008 appears to be following a similar pattern as demand has improved post-Lunar New Year. Fairchild is well positioned with lean inventories and an exciting pipeline of new products to capitalize on what most industry analysts believe will be a stronger second half demand environment.
Fairchild generated $191 million in cash flow from operations in 2007 and ended the first quarter of 2008 with $465 million in cash and marketable securities. The company is committed to managing its balance sheet to increase shareholder value and to make strategic acquisitions that can accelerate its gross margin improvement plan.
Fairchild Semiconductor is focused on designing higher complexity, integrated power solutions that meet our customers' needs by providing better performance, higher efficiency in extremely small form factors. Efficient power management is more vital than ever and Fairchild is at the forefront of this technology.
