National Semiconductor Corp is reactivating the Fairchild name with the formation of a new subsidiary for its family logic, memory and discrete businesses that it intends to spin out under Fairchild Semiconductor Corp. The new NatSemi strategy is to focus on applications and products for moving and shaping information. The planned new Fairchild represents about 25% of current turnover and NatSemi will take a $280m to $320m pre-tax hit – some $1.58 to $1.79 a share net – against its figures for the current quarter for discontinued operations. It will engage investment bankers to find new sources of funds for the new Fairchild.
