fairchild semiconductor -...
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www.fairchildsemi.com
Company Confidential 1
Fairchild Semiconductor
Justin ChiangSVP & GM - Power Conversion, Industrial &
Automotive Group (PCIA)
Analyst Day
September 25, 2008
2
PCIA
Auto
IGBT
MOSFET
Gate Drivers
Rectifiers
Automotive Power Modules
Power Conversion
PWM
PFC
Gate Drivers
FPS
High Voltage Discretes
IGBT
MOSFET
Rectifiers
Smart Power Modules
Markets
Technology
3
Product Line Focus
HV Discretes• Focus on margins has driven significant improvements• Margin and revenue growth will be driven by new products and
operating leverage
Automotive• Capitalize on other FCS technology developments
Power Conversion• System General gaining momentum• Significant cost reduction opportunities• New products and applications knowledge driving increased value
Transition to a segment based structure while retaining product line expertise • Sales aligning to this structure• Common customer and application base
4
What Drives our Business?
US Residential Energy Consumption per capita, 1990-2030, source: EIA, Annual Energy Outlook 2008(index, 1990 = 1)
0.800
0.850
0.900
0.950
1.000
1.050
1.100
1990 2000 2010 2020 20302006
Projected consumption with 2008 technology
Projected consumption with improved technology
Historical consumption
• “Green Power”
• FCS provides key technology solutions to both convert and save energy
• PFC and PWM IC’s and Low Resistivity MOSFET’sand IGBT’s improve conversion efficiency
• PSR controllers minimize standby energy consumption
• LED power supplies and electronic ballast controllers drive efficient Lighting
• Controllers, Modules and MOSFET’s/IGBT’s spin Brushless DC Motors
• IGBT’s, Drivers and Modules invert power• IGBT’s start a car and Modules steer it
• We are a complete solutions provider in the segments that we serve
• Full family of products: discrete switches, and IC’s • Leverage our packaging expertise to sell integrated
modules (SPM, FPS, EZ family)
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Power Management TAM 2008
Source: iSuppli Q2 2008
MOSFET Module$0.1B
Power Management Semiconductor TAM
$27.7B
PM IC TAM $15.4B
Power Discrete TAM $12.3B
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PCIA SAM by Segment
2008 = $7.6B
2011 = $9.8B
CAGR = 9%
• Great combination of markets where there is synergy between the product lines• Energy efficiency will drive growth
– IGBT, SPM markets expected to have double digit CAGR over next 4 years – Computing power supply IC CAGR expected to be >20% even though units
will only grow by 8.5%Source: iSuppli, IMS, Displaybank, Dataquest, Fuji Chimera Institute, Darnell, Fairchild
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PCIA Snapshot
Estimated 2008 PCIA Revenue by Region
Estimated 2008 PCIA Revenue by Segment
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Energy Efficiency Will FuelOur Growth
• In desktop computing total units are projected to be flat, but more demanding efficiency requirements (80+ 82+ 85+ 87+) drive newer technology and increased content
• For lighting, LED’s and CFL’s are expected to grow substantially, while more traditional technologies will shrink or maintain share
LED Incandescent Halogen CFL LF
Lighting efficiency(lm/W)
59 10 20 50 75
Efficiency oflighting equip (%)
80~90 30~50 30~50 50~60 50~70
Total efficiency(lm/W)
42 4 8 23 38
Life expectancy(Hr)
10K~50K 1k 3k 10k 15k
(Source : LEDs Magazine, 2007 May)
LED Incandescent Halogen CFL LF
Lighting efficiency(lm/W)
59 10 20 50 75
Efficiency oflighting equip (%)
80~90 30~50 30~50 50~60 50~70
Total efficiency(lm/W)
42 4 8 23 38
Life expectancy(Hr)
10K~50K 1k 3k 10k 15k
(Source : LEDs Magazine, 2007 May)
Efficiency (%) 80+ 82+ 85+ (1) 85+ (2) 87+Total IC ($/set) 0.78 0.78 1.43 4.80 7.90Total Discrete ($/set) 3.85 4.09 6.13 3.35 2.15
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Improving Efficiency Through SiliconPC Power Supply Example
Fairchild is positioned to provide the total solution
+12VAC Input
+3.3V
+5V
PFC +
PWM
SR + MOS
SR + MOS
AHB +
MOS
Buck + MOSx2
Integrated Synchronous Rectifier (SR) IC improves efficiency +2% over traditional Schottky diodes
Integrated DC/DC Buck regulator IC improves efficiency +1.5% efficiency over traditional (Mag Amplifier + Diode)
Integrated Asymmetrical Half Bridge (AHB) IC improve efficiency +1.2% over traditional Double Forward topology
PFC+PWM combo IC improves efficiency +1% at light load condition
Total efficiency improvement = +5.7%
+5VStandby
Innovative FPS IC reduces standby power below 100mW with no load
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Complexity Increases with PowerWe Provide Solutions Across this Range
watts
100
500
1000
50
10
Induction Heating
Complexity
Desk Top PC
Server/Telecom
Air-Con/Inverters &
Indus system
Cell Phone Chargers
DVD/STBConsumer
CFLLighting
LFLLighting
LEDLighting
HIDLighting
LCDTV(> 46”)
PDP TVWashing Machine
Note PC,LCDTV (< 45”)
Flyback QR Flyback / Forward
Resonant LLC
Soft Switching
Multi-phase Bridge
High Efficiency Solutions -5W
to KW
s
Game Console
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Primary Side RegulationLow Power Adapters
$210M
2011Market Size
18%$127M
2008 – 11 CAGR
2008 Market Size
Market Opportunity• Small power supplies for consumer ultra-portable
applications and lower power apps
• Legislation is eliminating linear power supplies and discrete implementations
Features & Performance• Class leading primary side current regulation
• Eliminates components when compared to secondary side SMPS regulators
Strategic Importance to Fairchild• Technology-driven entry into the lower power market
• Technology can be adapted for other small to medium power supply applications
Source: iSuppli 2008 and Fairchild
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LCD TV
FPS ($0.50-$1.50)T-series & E-series
PFC IC ($0.20-$0.50)CRM/CCM PFC ICInterleaved PFC IC
BACKLIGHT IC ($0.30-$0.90)CCFL PP/PN/NN Half bridgeCCFL PN Full bridgeLED Backlight control IC
BACKLIGHT MOSFET ($0.40-$0.90)HV Ultra FRFET™ & FRFET®LV MOSFET
PFC DIODE ($0.15-$0.30)Hyperfast II & Stealth II
Total FSC Content $1.85-$5.00
PFC MOSFET ($0.30-$1.00)SupreMOS™, SuperFET™& UniFET™
SAM: $257M in 2008$335M in 2011
CAGR: 9%
Source: Displaybank, Dataquest, Fuji Chimera Institute
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Stand by (FSQ510), 8DIP, 40mW•Under 10Watt QR-Flyback converter•Very low stand by consumption, high efficiency
IC Product Solutions for LCD TV
T-Series (150~450Watt), 9SIP•Controller with HVIC + 2MOSFET•Optimized for LLC or Asymmetric H/B
E-Series/G-series (20~80Watt), TO220•10~60Watt QR-Flyback converter•Low stand by consumption, high efficiency
Power Factor Correction•Multiple solution to optimize performance based on output power
Inverter 124V
13V
5.4V
400V
AC Input(90~265Vac)
5VFor Stand by
12VDC/DC
(non isolated)
Inverter X
Lamps...
...PFC
PFC StageIsolated DC/DCPower Supply Backlight Inverter
Main Power
Std byPower
To Audio Board
Multi Power
20%115.4Mu66.1MuT-Series
12%325.0Mu234.4Mue-Series II
14%440.4Mu300.5MuTotal
2008 Market Size
2011 Market Size
2008 – 2011 CAGR
Source: iSuppli 2008
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HV MOSFET – SupreMOSTM
PFC Switching
Source: iSuppli 2008
208M units
2011Market Size
21%117M units
2008 – 11 CAGR
2008Market Size
AC Input
PFC
HV BLUSwitch
DC-DC
HV BLUDriver & FB
[LCD TV PSU & BLU board]
Market Opportunity• Address the PFC switching needs in the
LCD TV market and other high power/efficiency applications such as Servers
Features and Performance• World-class deep Trench Super-junction
technology
Strategic Importance to Fairchild• Next generation super-junction MOSFET
improves both cost and performance
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HV MOSFET - Ultra FRFETTM
HV Back Light Unit
Source: Displaybank 2008
90M units
2011Market Size
53%25M units
2008 – 11 CAGR
2008 Market Size
ConventionalMOSFET(trr > 200ns)
UltraFRFETTM
(Ultra fast trr)
AC Input
HV inverter with Ultra-FRFETCurrent CCFL HV inverter
DriverDriver
PFC
HV BLUSwitch
DC-DC
HV BLUDriver & FB
[LCD TV PSU & BLU board] Market Opportunity• LCD TV makers constantly driving for reduced
system cost•HV BLU solution is more cost effective than LV BLU
Features and Performance• Ultra FRFETTM supports the fastest reverse recovery
of body diode and good EMI performance • Eliminates four external diodes in existing HV BLU• System cost reduction, eases assembly, and reduces
PCB sizes
Strategic Importance to Fairchild• Unique solution for HV BLU applications with class
leading technology
AC Input
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Advanced Packaging SolutionsExtend Our Reach
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BLDC Fan MotorDrive
Compressor Drive
Motion-SPM™Market Opportunity• Home appliance market is rapidly adopting
inverter technology to improve efficiency
Features and Performance• Simple to Design
–Optimized footprint –Built-in protection functions–Matched component performance
• Simple to Assemble–Reduced components–Increases productivity and reliability –Eliminates additional insulation material
Strategic Importance to Fairchild• Key component in an inverter system • Value solutions• Growth driver for HV organization
$408M
2011Market Size
20%$238M
2008 – 11 CAGR
2008 Market Size
Source: IMS, Fuji Chimera Institute, Fairchild
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Smart Power Integrated ModuleSystem Air Conditioning
Market Opportunity• New energy regulations driving rapid
increase in variable speed drives
Features and Performance• 3 phase IGBT inverter using HVIC reduces
auxiliary power parts• Higher reliability • Advanced IGBT technology • Built-in sensing
Strategic Importance to Fairchild• Increased functionality evolution of SPM• Flexible structure easily modified
$97M
2011 Market Size
32%$42M
2008 – 11 CAGR
2008Market Size
Source: IMS, Fuji Chimera Institute, Fairchild
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Engine ControlIgnitionFuel InjectionGlow Plug
BLDC Motor ControlEPSCoolingPumps
Body Load ControlHIDPTC-Heater
HEVFull HybridMild HybridMicro Hybrid (Start/Stop)
Transmission Control
Engine ControlIgnitionFuel InjectionGlow Plug
BLDC Motor ControlEPSCoolingPumps
Body Load ControlHIDPTC-Heater
HEVFull HybridMild HybridMicro Hybrid (Start/Stop)
Transmission Control
Automotive
Power Modules ($8.00 – $14.28)• EPS/EHPS Modules• Auxiliary VSD’s
Discrete Power($0.07 – $0.35)• Low Voltage MOSFET’s• Mid Voltage MOSFET’s• High Efficiency Diode
Ignition ($0.30 – $4.00)• Current Limit IGBTs• Smart IGBT
SAM: $2.1B in 2008 $2.8B in 2011
CAGR: 10%
Functional Drivers ($0.30 – $2.15)• Smart Switches• Gate Drivers• Motor Controls
Source: IMS Research 2007, Fairchild
2003 2004 2005 2006 2007 2008 YTD
Total Revenue Gross Profit%
20
Advanced Automotive Power ModulesElectric Power Steering (EPS/EHPS) Modules
$118.2M
2011 Market Size
19%$71.1M
2008 – 11 CAGR
2008Market Size
Source: IMS Research, 2007
Market Opportunity
• Automotive auxiliaries are being electrified for improved MPG and CO2 emissions
Features & Performance
• Inverter module with enhanced electrical and thermal characteristics enabling higher power handling and improved EMI
• Compact design, integrating MOSFET’s, filters and sensors
• EPS module provides customers with higher torque output, expanding the field of application
Strategic Importance to Fairchild
• EPS use increasing and moving into heavier vehicles, requiring module functionality
• Leverage SPM® technology where its added value is the highest
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Margin Impact Factors
New product execution• Modules – SPM/SPIM/APM• IC’s - T-series. PSR, PWM/PFC, Drivers• Power Discretes – MOSFET’s, IGBT’s
Improved operating leverage• Strategic management of out-sourced to in-
house ratio• Back-end in-sourcing to Suzhou• Bring SG in-house
• Investment in 8” expansion
Cost reductions• Improved process technology
• Smaller feature size• Denser switching devices
• Materials: Au to Cu, packaging substrates, mold compounds etc.
2003 2004 2005 2006 2007 2008 YTD
Total Revenue Gross Profit%
2003 2004 2005 2006 2007 2008 YTD
Total Revenue Gross Profit%
Power Conversion Total Revenue & GM %
High Voltage Total Revenue & GM %
22
Improving Margins Through TechnologyCost Trend
• Significant change with introduction of charge balance devices
• Costs roughly scale with device resistance
Charge Balance Technology
Planar Technology
1995 1997 1999 2001 2003 2005 2007 2009
Introduction Year
PlanarCharge BalancePoly. (Planar)
23
Summary
• Energy efficiency demands will drive demand for our products
• The new segment based structure is optimized to capitalize on these opportunities at our power supply customers
• Revenue and margin progression will occur through a combination of new product/technology introductions and cost reductions
• Automotive is positioned for profitable growth