1. INVESTOR PRESENTATION January 2016

2. 2 Notes on Forward Looking Statements and Non-GAAP Measures Comments in this presentation other than statements of historical fact may constitute forward looking statements and are based on Fairchild’s management’s estimates and projections and are subject to various risks and uncertainties These risks and uncertainties are described in the Company’s periodic reports and other filings with the Securities and Exchange Commission (see the Risk Factors section) and are available at http://sec.gov and investor.fairchildsemi.comhttp://sec.gov Actual results may differ materially from those projected in the forward looking statements Some data in this presentation may include non-GAAP measures that we believe provide useful information about the operating performance of our businesses that should be considered by investors in conjunction with GAAP measures that we also provide. You can find a reconciliation of non-GAAP to comparable GAAP measures at the Investor Relations section of our web site at http://investor.fairchildsemi.comhttp://investor.fairchildsemi.com Recent additions to our website at http://investor.fairchildsemi.cominvestor.fairchildsemi.com Updated Financials (through current quarter with segment revenue/gross margin breakouts) Quarterly Fact Sheet with current quarter highlights This investor presentation

3. 3 Fairchild Overview

4. 4 Fairchild Today… Fairchild Semiconductor 2015 Revenue $1.37B Analog Power & Signal Solutions Group (APSS) (28% of 2015 Revenue) Mobile Power Conversion Motion Tracking Innovative analog power, signal and sensor solutions Switching Power Solutions (SPS) (58% of 2015 Revenue) Automotive HV MOSFET, IGBT & SPM LV & MV MOSFET Cloud Highly efficient discrete and integrated power management solutions Standard Products Group (SPG) (14% of 2015 Revenue) Standard Discrete, Analog & Logic Optoelectronics Essential functions for key customers

5. 5 Energy efficiency, mobility and cloud mega-trends Power silicon content grows faster than end market sales – premium paid for efficiency Fairchild has deep power system knowledge to support greater integration and higher efficiency Company focused on delighting all customers from large OEMs to the “long tail” Markets That Drive Our Business

6. 6 Building a Great Leadership Team Promoting from within in areas of progress Automotive, Supply Chain, Assembly & Test Recruiting & upgrading in areas of weakness Sales & Marketing, Fab Operations, Engineering Opportunistically adding talent Strategy, Finance

7. 7 Building a Great Company SALES & MARKETING TECHNOLOGY OPERATIONS BUSINESS UNITS Solid operations org is key foundation Sales & marketing as well as technology also well in place Business units key focus now

8. 8 Our Culture EXCEL ENGAGED EMPLOYEE DELIGHTED CUSTOMER RESPECT SPEED EXPLORESIMPLIFY PLAY DIRECT WORLD- CLASS COMPANY CHALLENGE

9. 9 Fairchild Solutions

10. 10 Analog Power & Signal Solutions Group Mobility, LED and Offline Power USB/Power/ Analog Switches Point of Load Battery Management Systems Travel AdapterLED Offline/Aux Power Fairchild is committed to the Power Conversion/Controller Market ~ 300 Product Line personnel ~ 30% of total Fairchild revenue All AC-DC and Low-Power DC-DC product lines consolidated to provide system solutions

11. 11 Mobile System Solutions Travel Adapter Fuel gauge Application processor Audio Codec PoL Power Battery protection Battery charger OVP/OCP MUS Type-C Analog switch Load switch Audio jack detection Power or Signal Control or Command IP Leadership IP Development Headset Accessory Cable Communication protocol Sensor processor Camera processor Handset

12. 12 Auto, iFET, SPG Discrete Power Solutions Group Automotive BU iFET BU SPG BU Design PE/TE Switching Power Solutions Group Highly focused on core building block differentiation > 40% of total Fairchild revenue Combined eng. resources for discrete design & product/test engineering Tightly connecting with TD – strategic decisions for next LV/MV/HV technologies Discrete Power Solutions – we want customers to think 1st of Fairchild Best-in-class discrete technologies – product definition efforts include strategic analysis Focus on system solutions – supported by top applications & system engineering specialists

13. 13 iFET Market Solutions DC to AC Integrated Energy Inversion Power Tools, Pumps, Fork lifts, small e-vehicles, Solar and UPS MV FETs MV Gate Driver+FET DC to DC Integrated Power Delivery Telecom, Computing, Industrial Automation, Mass Market LV & MV SPS, PoL, Load Switch World Class LV and MV FETs N-Channel P-Channel Singles Duals Extended Temp Efficient Fast Switching Lowest RDS

14. 14 Automotive Power Solutions FCS Engine Management: Ignition, Glow Plug Injector control and supply HID Lighting Brake Systems (ABS, ESC) Electric Pumps (Water, Fuel, Oil) Traction Inverters, DC/DC in HEV / EV FCS Electric Power Steering El. Parking Brake Transmission and Gearbox Engine Cooling Body load control Already worldwide leading solution Already worldwide leading solution Market Trend: More stringent CO 2 emissions regulations & favorable incentives Fairchild Mission: Making the world a cleaner and smarter place by providing solutions in support of energy efficient applications

15. 15 High Voltage Motor Control System Major HA, HVAC, Indus. Inverter, Fan Motor, Pump and Power Tool Motor Control System Major HA, HVAC, Indus. Inverter, Fan Motor, Pump and Power Tool Industrial Power System 1 Renewable Energy, UPS, ESS and Other Industrial Markets Industrial Power System 1 Renewable Energy, UPS, ESS and Other Industrial Markets Industrial Power System 2 IH/MWO, Welding Lighting, EV Charger, Small HA and Consumer Industrial Power System 2 IH/MWO, Welding Lighting, EV Charger, Small HA and Consumer Power Supply System Telecom, Server, Other Computing and Charger/Adapter Power Supply System Telecom, Server, Other Computing and Charger/Adapter High Voltage Business Unit HV BU is competitive and streamlined organization 81 Product Line direct and dedicate personnel 27% of corporate revenue 42% of corporate NPI # Key market segments of HV inverter, HV AC/DC and MV DC/DC are addressed by our technology of SPMs, Solar HPMs, FS IGBTs, SJ MOSFETs and diodes.

16. 16 Air-Conditioner System Solutions Microprocessor Power Supply IP Leadership PFC (PFC SPM) PFC (PFC SPM) Inverter for Compressor (Motion SPM) Inverter for Compressor (Motion SPM) Inverter for Fan (Motion SPM) Inverter for Fan (Motion SPM) Motor Drive IC PFC Control IC Current, Voltage Sensor AC Input BLDC Motor (Fan) BLDC Motor (Compressor) Power or Signal Control or Command

17. 17 PV Inverter System Solutions DC-DC DC-AC Power or Signal Control or Command IP Leadership DC Input AC Output / Grid AC Output / Grid Gate Driver Controller/ DSP String Combiner Box Energy Storage System Gate Driver Junction Box Aux PS

18. 18 Welding Power System Solutions Inverter LS driver 2 nd Rectifier PFC Bridge Rectifier Bridge Rectifier Power or Signal Control or Command AC Input DC Output Aux PS PFC Controller PWM Controller / DSP PWM Controller / DSP PWM Controller PWM Controller 2 nd Inverter 2 nd Inverter AC Output PWM Controller IP Leadership

19. 19 AC-DC Power System Solutions DC-DC LS driver SR PFC Bridge Rectifier Bridge Rectifier Power or Signal Control or Command AC Input DC Output Aux PS PFC Controller / DSP LS driver SR Controller / DSP SR Controller / DSP HVIC PWM/PFM Controller / DSP PWM/PFM Controller / DSP PWM Controller PWM Controller IP Leadership

20. 20 Key Product Verticals Automotive Cloud & Telecom Renewable Energy Lighting Mobile Power & Interface Motor Control Motion Tracking Wall-To-Battery Portable Consumer

21. 21 Technology Leading products and processes development to address worldwide power trends in energy, mobility and the cloud System Integration Packaging, multi-chip, feature-rich devices/modules Design Tools Full library of growing system reference designs and robust online design simulation suite Expert Resources Power systems technologists, Factory trained Power FAEs, regional Power Solution Centers to complete your design Fairchild’s Design Pillars Technology System Integration Design Tools Expert Resources

22. 22 Focused on fast-growing trends in wireless, energy convergence, cloud, and mobile for greater energy efficiency in key areas: AUTOMOTIVE Pioneering Efficient Energy Consumption ALTERNATIVE ENERGY CLOUD LIGHTINGMOBILE TRAVEL ADAPTERSMOTOR CONTROL

23. 23 Innovative “source-to-system” power technologies Discretes, IC’s, SoC’s and PSiP’s Battery powered (Li ion) to 1700V (wind turbine) applications 24/7 access to easy-to-use web design tools Advanced packaging options 1 kW1 mW Unique Design Options For LV to HV Products

24. 24 Shortest time from idea-to-silicon Customizable functions, packaging, form factor options Power Solution Centers Regional design teams, local FAEs Web-Based Design Tools Focused Application Seminars Fairchild helps customers optimize, qualify and complete designs for a time-to-market advantage. Expert Technical Assistance & Design Support

25. 25 Fabs South Portland, Maine, USA Mountaintop, Pennsylvania, USA Bucheon, South Korea Test & Assembly Cebu, Philippines Suzhou, China Global manufacturing, test and assembly sites support your need for flexibility, quality, service and consistent supply. Manufacturing Control = Reliable Delivery

26. 26 Quality That Exceeds Expectations Major focus on reliability development Certified I6949 factories Laser focus on customer delight In-region customer quality engineering & FA support BUILD IN RELIABILITY & TECHNOLOGY TIGHTENING MANUFACTURING PROCESS DEDICATED TEAM Philosophy Implementation Continuous Improvement EXCELLENCE

27. 27 WW Manufacturing, Sales, R&D and Support Corporate HQ San Jose, CA Product Design, Support Irvine, CA Power Solutions Center Dallas, TX Fab S Portland, ME Product Design Support Bedford, NH Fab Mountain Top, PA R&D Kista, Sweden Assembly & Test Suzhou, China Sales, R&D Seoul, Korea Sales Tokyo, Japan Sales, R&D Taiwan Head of Greater China Sales Shanghai, China Assembly & Test Cebu, Philippines Asia Pacific Sales Hong Kong Power Solutions Center, Sales Shenzhen, China Xsens The Netherlands Fab Bucheon, Korea EMEA Sales & Apps Munich, Germany Sales Osaka, Japan

28. 28 Worldwide distribution Design & supply chain excellence Order parts, samples, eval kits online Expedited shipping and service Technical seminars, training, events Distribution—Critical Fairchild Partner Strong focus on emerging broad market customers

29. 29 One plan – capacity, materials, inventory, resource planning linked to one integrated plan – customer success Supply Chain Excellence Speed Responsiveness & Transparency Contingency plans, risk resiliency IT connected to external partners Cost-effective transportation management Inventory programs, scenario planning

30. 30 Speed Responsiveness Industry Leading Lead Times Record-level and industry leading on-time delivery due to speed, transparency, flexibility and collaboration Reduced 50% from 1 year ago 85% of Fairchild products ship within 6 weeks

31. 31 Best-in-class “no obsolescence” policy Secures supply in legacy designs If required to discontinue production Enhanced lifetime supply 12 months after EOL notice to place orders Plus 12 months to take delivery Fairchild’s No EOL Policy

32. 32 Marketing & Sales Overview

33. 33 Sales Strategy Foundation DEMAND CREATION -Design In/Win — shift coverage to R&D -System approach — understand the application -Customer empathy — fill a latent need, solve a problem CLOSER TO CUSTOMERS -Proximity — quick response -Adaptive — fragmented customer base -Agile — early engagement with emerging customers ACCOUNTABILITY -Revenue accountability moved to design origin -Pay on results — new sales bonus on design-in, revenue growth

34. 34 Resources Best Deployed Increase investment on most significant markets -China -Germany -Silicon Valley Shift resources to most promising opportunities -Generated revenue vs. transacted revenue locations -Invest where the growth will be vs. where revenue is today -Aligned company focus segments Expand customer base -More in fragmented markets: (i.e. Industrial, Auto) -Emerging segments and customers: (i.e. Wearables) -Mass market

35. 35 Resources Go-to-Market ASSIGNED ACCOUNTS MASS MARKET LONG TAIL Growth Potential Biggest growth opportunity Focus, depth — 80% of resources Demand creation More customers Leveraging distribution More engineers Leverage the web & catalog distributors Build brand awareness

36. 36 New Customer Engagement CUSTOMERS DRIVE PRODUCT DEFINITION -System expertise provides unique insight -FAE conduit of customer pain points INCREASE COMPLETE RECEIVED VALUE -Product to solution, design expertise -Supply chain excellence -No EOL policy RELATIONSHIPS MAKE A DIFFERENCE -Attention to every customer -Focus on customer empathy

37. 37 CLOUD & TELECOM - Move to IC & System approach - More strategic engagement - Growth acceleration MOBILE POWER & W2B - Full end-end solution - Huge value to customer - Major ASP increase Source: Fairchild Internal Data Execution Customer Showcase Relationship, Focus, System Approach Drives Growth 25% 35% $0.10 to $1.05

38. 38 Finance Overview

39. 39 Highlights of the Quarter – Q4 2015  Sales were $317M, -7% QoQ and -6% YoY…Full year 2015 sales were $1.37B, -4% compared to 2014  Distributors ordered less than consumption leading to moderate reduction in channel inventory  Q4 guidance assumed flat channel inventory…had distributors order in line with consumption Fairchild’s Q4 sales would have been in the middle of our guidance range  Demand was higher in the automotive market, solid for enterprise computing and telecom but weaker than expected for China industrial, appliance and consumer markets. Mobile demand was also lower due to weakness at one previously large customer partially offset by greater content and unit sales at two other leading mobile customers  Adjusted gross margin was down 110 bps to 33% due to lower factory loadings  OPEX was $86M, down 3% QoQ due to the impact of OPEX expense reduction program announced in late Q3  Free cash flow was a 37M and net cash was $83M  Repurchased 5.8M shares at an average price of $16.55 for the full year 2015  Lead times remain short and supply chain is well positioned to support turns business

40. 40 Adjusted Revenue & GM%

41. 41 Adjusted EPS

42. 42 4 Qtr Rolling Adjusted EPS

43. 43 Disciplined Asset Management Balance sheet summary: Cash and investments exceed debt by $83m Internal inventory flat in $ QoQ DSO in normal seasonal range at 38 days Days of payables decreased QoQ to 47 days FCF was $37m Primary focus remains investing in our business and funding stock buyback Repurchased 5.8m shares of stock in 2015

44. 44 Free Cash Flow

45. 45 4 Qtr Rolling FCF % Revenue

46. 46 Debt Composition

47. 47 Net Debt and Interest Trend

48. 48 Follow us on Twitter @ twitter.com/fairchildSemitwitter.com/fairchildSemi View product and company videos, listen to podcasts and comment on our blog @ www.fairchildsemi.com/engineeringconnections www.fairchildsemi.com/engineeringconnections Visit us on Facebook @ www.facebook.com/FairchildSemiconductorwww.facebook.com/FairchildSemiconductor

49. THANK YOU