Leading semiconductor company Fairchild Semiconductor International Inc. (FCS) recently announced a new product obsolescence policy for its power and mobile product lines. As per the new policy, Fairchild’s products will not be declared obsolete, unless the company ceases to manufacture its parts.
To support the aforementioned policy, Fairchild has also extended its lifetime supply policy. The new 24-month total lifetime supply policy becomes applicable in case the company stops making a specific product.
Under this policy, customers will be given 12 months to place orders for replaced products, after the notice of discontinuation is out. Moreover, the customers will be given another 12 months, post the last order, to take delivery.
Through the release of these policies Fairchild’s aims at optimizing customers’ experience. The above policies are applicable with immediate effect.
Last month, the company voluntarily transferred its stock exchange listing from The New York Stock Exchange (NYSE) to the NASDAQ, with effect from Oct 31, 2013.
Fairchild Semiconductor is a California-based company that designs, develops, manufactures and markets highly efficient semiconductors for multiple-end market uses across the globe. Its products are used in computers, telecommunications, automotive as well as consumer and industrial applications. The company also provides online design tools and design centers in its effort to meet customer satisfaction.
Fairchild Semiconductor currently carries a Zacks Rank #3 (Hold). Better-placed stocks in the same industry that are worth considering Supertex Inc. (SUPX), Microchip Technology Inc. (MCHP) and Inphi Corp. (IPHI). While Microchip and Inphi each carry a Zacks Rank #2 (Buy), Supertex holds a Zacks Rank #1 (Strong Buy).
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