Product category: Power Supply ICs and Controllers
News Release from: Fairchild Semiconductor
Edited by the Electronicstalk Editorial Team on 23 July 2003
Fairchild to focus on buoyant power
market
Fairchild Semiconductor has reported results for the second quarter ended 29th June 2003.
Fairchild Semiconductor has reported results for the second quarter ended 29th June 2003 Second quarter sales were $347.1 million, down slightly from the previous quarter and down 3.7% from second quarter 2002
This article was originally published on Electronicstalk on 28 Feb 2001 at 8.00am (UK)
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Fairchild reported a net loss in the quarter of $63.8 million, or $0.54 per share, compared with a net loss of $13.0 million, or $0.12 per share reported in the second quarter of 2002.
Included in the second quarter 2003 results are pretax charges for restructuring, impairments and debt refinancing totalling $77.0 million.
On a pro forma basis, which excludes amortisation of acquisition-related intangibles, restructuring and impairments and other items, Fairchild reported second quarter net income of $3.8 million, or $0.03 per diluted share, compared with pro forma net income of $7.5 million, or $0.07 per diluted share in the second quarter of 2002.
Further reading
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New from Fairchild Semiconductor, the FSDH0165 power switch combines a voltage-mode PWM controller and SenseFET power switching element in a single 8-lead package.
PLL clock drivers target high-speed clocking
Two low voltage PLL clock drivers designed for use in high-speed memory clocking applications are now available from Fairchild Semiconductor.
MOSFET is ready for high-voltage car batteries
The new FDB06AN08A1 UltraFET trench MOSFET from Fairchild Semiconductor is designed for 42V automotive battery applications requiring full device capability at low gate drive voltages.
"We're executing significant restructuring and debt refinancing initiatives to lower our costs from the second quarter baseline", said Kirk Pond, President, CEO and Chairman of the Board.
"We expect these steps to generate pretax savings of roughly $53-58 million annually.
We expect to realise the impact of these savings starting in the third and fourth quarters of 2003 with the full benefit re