Double acquisition for Fairchild Semiconductor

September 11, 2000

SOUTH PORTLAND, Maine — Fairchild Semiconductor International has announced plans to acquire two businesses that will bolster its analog arm.

KOTA Microcircuits (Loveland, CO) and Micro Linear’s Power Management business (San Jose) will become part of Fairchild’s Analog and Mixed Signal Group.

“In just three years, Fairchild has grown its analog business from ground zero to a business approaching $400 million annually,” says Kirk Pond, president, Fairchild’s chairman and chief executive. “These acquisitions will boost our analog growth trajectory by broadening our product portfolio and adding design talent. The products we are acquiring fit Fairchild’s focus.”

The two companies are being acquired for a total of approximately $21 million in cash and stock. Their combined annual revenues for the calendar year 2001 are expected to reach $30 to 40 million.

KOTA Microcircuits is expected to position Fairchild with leading technology in the operational amplifier market, representing a $2.8 billion global total available market in 2000, according to Fairchild. The acquisition will expand Fairchild’s markets penetration to include cellular phones, CD-R/W drives and portable applications. KOTA, incorporated in 1998, designs and markets high-speed amplifiers and application specific standard products designed to push the curve regarding speed and power consumption.

“This acquisition is a win-win scenario for KOTA and Fairchild,” says Gary Ross, CEO and president of KOTA.

Fairchild also anticipates Micro Linear’s power management business to broaden its extensive analog portfolio with products that include offline power switchers, low power battery management, video filters and bus terminators. These integrated circuits are designed for a broad range of markets such as personal computers and personal digital assistants, computer networks, video systems, power management and motor control.?Mark A. DeSorbo

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