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Thursday, January 27, 2005
Fairchild to improve senior credit facility
Fairchild Semiconductor, a supplier of high performance products that optimize system power, recently announced its intent to amend its senior credit facility to seek better pricing.
The amendment is subject to completion of definitive documentation and lender participation. The company expects the amendment to be completed this month.
Kirk Pond, Fairchild president, chief executive officer and chairman of the board, said the company’s strengths lie in its products serving the customer, computer and power supply markets.
Fairchild has also seen a significant improvement in demand from Asia, especially China, he said.
Fairchild recently announced that it had extended its number one worldwide market share leadership in power discrete and power analog components, with its market share and revenues in Asia Pacific twice that of any other power semiconductor firm.
Marketing research firm Gartner said Fairchild had a 9.7 percent global market share.
Pond said company sales had risen 31 percent since October 2003. Over 70 percent of Fairchild’s revenues are generated in Asia Pacific.
(January 27, 2005 issue)
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