Fairchild Semiconductor Updates Third Quarter 2003 Business Outlook

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South Portland, Maine — Fairchild Semiconductor announces that order rates and backlog are improving and reaffirmed its previous guidance, including its expectation that third quarter revenues will be sequentially lower by 4 to 6 percent.

Third quarter backlog has been filling in as expected, the company said, and bookings and backlog have strengthened leading into the fourth quarter.

Cell phone bookings have been robust, with third quarter orders to date greater than total bookings for either the first or second quarters this year. Computing and display orders have been strong, with desktops and displays running ahead of the company's first half 2003 run rates. Business also has increased for power supplies, which supports the increased activity in the computing and consumer markets.

Fairchild expects to report its third quarter financial results on October 16, 2003.

Fairchild Semiconductor is a leading global supplier of high performance products for multiple end markets. For more information, visit www.fairchildsemi.com.



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