Buying Fairchild By Charlie Sporck

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In 1986, after Fairchild Semiconductor had been run by, in succession, Les Hogan, Wilf Corrigan and Tom Rogers, and had been sold to the French oil-field services company Schlumberger, National Semiconductor bought Fairchild for $122 million.

 

 

 

"The company was still doing about $500 million a year in sales," recalls Charlie Sporck, CEO of National at that time, in his book SPINOFF, "we sold the Fairchild Korea property for $15 million, we sold the R&D facility for $15 million. We got $10 million for Fairchild's operations in Brazil and we sold the rights to Fairchild's microprocessor for another $10 million. Then we sold the memory plant in the state of Washington for $100 million. A decade later we sold the transistor and logic business for $500 million."

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