Buying Fairchild By Charlie Sporck (Mannerisms)

Buying Fairchild By Charlie Sporck

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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Posted by David Manners on October 3, 2008 3:01 PM | Permalink|

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This page contains a single entry from the blog posted on October 3, 2008 3:01 PM.

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Mannerisms

Ruminations on the semiconductor industry from David Manners