Product category:
Power Supply ICs and Controllers
News Release from: Fairchild Semiconductor
Edited by the Electronicstalk Editorial
Team on 22 May 2002
Sales perk up for Fairchild
Kirk Pond, president, chairman and CEO of Fairchild Semiconductor has revealed that the company's orders have been better than expected through the first seven weeks of the quarter.
Kirk Pond, president, chairman and CEO of Fairchild Semiconductor has revealed that the company's orders have been better than expected through the first seven weeks of the quarter, and revenues are tracking toward the high end of the company's original guidance of 3-5% sequential quarterly growth "We've continued to see strong demand for our power products and our book-to-bill ratio for the quarter has remained well above 1.1 to 1", said Pond
This article was originally published on Electronicstalk on 28 Feb 2001 at 8.00am (UK)
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"Orders from notebook, wireless handset, and display segments are above first quarter run rates, consumer and industrial demand has stayed steady and desktop PC orders are seasonally slower as expected.
On a regional basis, demand from China and South Korea has continued to lead our other regions.
Overall our 26-week backlog has continued to grow and we are now building significant backlog for third quarter delivery as well.
As we indicated in our earnings conference call in April, we have begun hiring to support added production shifts in our Salt Lake and Bucheon wafer fabs", continued Pond.
"We expect these additional wafer starts to come on line during late second quarter to support continued revenue growth in the third and fourth quarters".
"In summary, the second quarter is tracking ahead of our expectations, and we are pleased that the recovery we began to see in the third quarter of 2001 continues to build strength", said Pond.
Fairchild expects to report its second quarter financial results on 23rd July 2002.
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