Fairchild Semi to Invest $80 Million for Expansion in South Korea

April 25, 2000 by Jeff Shepard

Fairchild Semiconductor International Inc. (South Portland, ME) plans to invest $80.0 million sometime this year in expanding its power device plant in South Korea. Fairchild acquired the South Korea plant last year from Samsung Electronics Co.

The investment is aimed at installing additional production equipment to increase capacity in response to customer demand.

Fairchild has also announced that its global sales for power device products for the first quarter of 2000 rose 46 percent from the same period last year, and the company expects product sales for the current year to increase 30 to 40 percent.