Fairchild buy adds to its power base

Fairchild buy adds to its power base
David Manners Fairchild Semiconductor has bought the power semiconductor division of Samsung for $450m in a deal which takes Fairchild to over $1bn in revenues and makes it one of the world’s top five power semiconductor manufacturers. “The acquisition adds a high voltage line (40V+) to Fairchild’s low voltage line giving us a comprehensive product line from the wall to the board,” Kirk Pond, president and CEO of Fairchild, told Electronics Weekly. The Samsung business had revenues of $400m in 1998. “We’ll be doing foundry work for Samsung and they’ll be supplying infrastructure and financial management support,” said Pond. With the purchase of the division comes a $150m analogue business including 200 analogue design engineers, 31 of whom are PhDs, and a couple of fabs at Bucheon, Korea capable of running a combined million wafers a year. Pond said the costs of running the Bucheon fabs were about the same as the fabs he runs in South Portland, USA. The purchase takes Fairchild to $1.2bn in annual revenues. When it was spun off from National in March 1997 Farchild had revenues of $600m.


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