Fairchild Semiconductor Appoints Dr. Justin Chiang Senior Vice President of Its New Power Conversion, Industrial & Automotive Product Group
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SAN JOSE, Calif.- November 14, 2007 - Fairchild Semiconductor (NYSE: FCS), the leading global supplier of high performance products that optimize system power, recently appointed Dr. Justin Chiang, Senior Vice President of the newly formed Power Conversion, Industrial & Automotive Product Group. This new organization includes Fairchild's Power Conversion, High Voltage and Automotive product lines and will focus on leveraging the group's extensive expertise in developing advanced power supply and power management solutions for this fast growing market segment. Dr. Chiang formerly served as Fairchild's Vice President of System Power within the Analog Products Group. Prior to joining Fairchild he held a variety of technical and senior management positions with Raychem Corporation and Tyco Electronics. His most recent position prior to joining Fairchild was General Manager for the Power Components Division of Tyco Electronics. Dr. Chiang holds a Ph.D. in Chemical Engineering from the University of California, Berkeley.
Fairchild has also formed a new Mobile, Computing, Consumer & Communications Product Group which will be led by Executive Vice President, Bob Conrad. This organization includes the System Power, Signal Path and Low Voltage product lines and will focus on high performance analog and power management solutions for these dynamic end-market segments. The Standard Product Group remains unchanged.
"A key element of Fairchild's strategy to transition to higher value products is improving our end-market intimacy and segment focus," stated Mark Thompson, Fairchild's president and CEO. "By reorganizing the main product lines within the company with a market segment orientation we expect to accelerate our growth within these key end markets. There are many natural synergies between our industry leading switches and our emerging analog control capabilities, and we believe these new groups will better leverage these strengths. Our analog switches, µSerDes(TM) and new high frequency voltage regulators are examples of how working closely with lead customers to solve more important problems, can drive profitable, strong growth. We believe this segment structure allows us to better understand our target application space and will enable us to partner at higher technology levels with our key customers. We will begin reporting in the new organization structure in the first quarter of 2008."
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.
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