Notes to Consolidated Financial Statements
	Index Corporate Profile To Our Shareholders Power Solutions Interface Optoelectronics Technologies That Enable Questions & Answers Selected Financial Data Management's Discussion and Analysis... Consolidated Balance Sheets Consolidated Statements of Operations Consolidated Statements of Cash Flows Consolidated Statements of Stockholders' Equity... Notes to Consolidated Financial Statements Independent Auditors' Report Market For Common Equity And ... Fairchild Semiconductor's Executive Committee Corporate Information

NOTE 1 - BACKGROUND AND BASIS OF PRESENTATION Background    Fairchild Semiconductor International, Inc. ("Fairchild International" or the "Company") designs, develops and markets analog, discrete, interface and logic, non-volatile memory and optoelectronic semiconductors through its wholly-owned subsidiary Fairchild Semiconductor Corporation ("Fairchild"). The Company is focused solely on multi-market products. Multi-market products are building block components for virtually all electronic devices, from sophisticated computers and internet hardware to telecommunications equipment to household appliances. Because of their basic functionality, its products provide customers with greater design flexibility and improve the performance of more complex devices or systems. Given such characteristics, its products have a wide range of applications and are sold to customers in the personal computer, industrial, telecommunications, consumer electronics and automotive markets.    The Company is headquartered in South Portland, Maine and has manufacturing operations in South Portland, Maine, Loveland, Colorado, West Jordan, Utah, Cebu, the Philippines, Penang, Malaysia, Kuala Lampur, Malaysia, Singapore, Puchon, South Korea and Wuxi, China.