SOUTH PORTLAND — Fairchild Semiconductor reported full-year 2010 net income of $153 million, or $1.20 cents a share, compared to a net loss of $60 million, or 49 cents per share, in 2009.
Fairchild, which makes semiconductors in South Portland, said fourth-quarter 2010 income was $51 million, or 40 cents a share, up from $13.1 million, or 10 cents a share, in the fourth quarter of 2009.
Sales in the fourth quarter were $397.7 million, 12 percent higher than the same period last year.
“We grew sales in our higher margin mobile power, switch and high performance MOSFET businesses targeted to the handset and tablet market,” said Fairchild CEO and President Mark Thompson in a prepared statement.
“Our high-voltage product sales also remained strong. We tightly controlled shipments into the distribution channel during the quarter to hold inventory roughly flat at eight weeks, which is the lowest level we have ever achieved exiting a year.”
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