Fairchild Semiconductor saw profits plummet in the second quarter, hitting $11.9 million, down from $44.9 million a year ago — a 73 percent drop.
“We reported solid sequential sales growth in the second quarter despite a challenging macroeconomic environment,” said Mark Thompson, Fairchild’s president and CEO, in a Thursday release. “Distribution sell-through increased more than 14 percent from the prior quarter after adjusting for the extra week in Q1. Demand continues to be strong for our mobile and midvoltage product lines. We are confident we can grow our sales into the mobile end market in the second half given our backlog and design win pipeline at key customers. While we believe we can increase sales in other end markets as well, our guidance reflects a healthy level of conservatism given the current economic uncertainties.”
The computer chip manufacturer has more than 9,000 employees in 27 locations globally. There are 800 in Maine, working at its fabrication facility and its corporate offices, both in South Portland. The company is registered in Delaware, and last year moved its official headquarters designation from South Portland to San Jose, Calif.