Fairchild Semiconductor announced results for the fourth quarter and full year ended December 28, 2008. Fairchild reported fourth quarter sales of $320.9 million, down 25.1 percent from the prior quarter and 25.7 percent lower than the fourth quarter of 2007. Fourth quarter net loss was $218.1 million, compared to net income of $26.7 million in the prior quarter and net income of $34.0 million in the fourth quarter of 2007.

Full year revenues for 2008 were $1.574 billion, a decrease of 5.7 percent compared to $1.670 billion in 2007. Net loss for the year was $167.4 million, compared to net income of $64.0 million in 2007.