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National Semiconductor Invests $58 Million in Maine Facility, Adding 100 Manufacturing Jobs

Jan 15, 2004

January 15, 2004 - Maine Governor John E. Baldacci and Paul Edmonds, Vice President and Managing Director of National Semiconductor Corporation's South Portland facility, today announced that National Semiconductor (NYSE:NSM) is investing $58 million in its South Portland manufacturing plant to accommodate surging demand for its analog products.  The facility is in the process of adding an additional 100 manufacturing jobs to the facility, bringing the total number of employees in South Portland to 650.

"National Semiconductor has been an important business partner in Maine," stated Governor Baldacci.  "They have steadily increased operations over the years and worked tirelessly with the City and the State to improve the area business climate.  This additional large expansion of manufacturing jobs and investment in the facility will ripple throughout the region.  I am particularly pleased that there will be new opportunities for workers in this part of the state."

Paul Edmonds stated, "We are very pleased to be expanding our operations in South Portland.  Business, particularly our analog business, has been improving steadily, and we have reached a point where additional equipment and capital investment are required to meet increasing demand.  We are proud of our site's ability to stay competitive in the global manufacturing market due to our high level of automation and very productive manufacturing work force." 

Governor Baldacci recognized the continued work of the Maine Department of Economic and Community Development (DECD, http://www.econdevmaine.com) in devising a package of incentives that continues to attract investment from National Semiconductor and other companies in Maine.

"Since 1995, the company has invested over $1 billion in the 575,000 square-foot site," stated the Governor.  "Capital investment incentives played a role in the enhancement of operations at this South Portland facility and has improved the ability of the company to compete globally."

"The Baldacci Administration recognizes that National is a significant contributor to this community," commented Jack Cashman, Commissioner of DECD.  "Since 1998, they have invested over $2 million in community outreach efforts - including 33 cash grants to Maine teachers using the Internet in their classrooms, extensive technology training for teachers, $150,000 grant to the University of Southern Maine's for new advanced manufacturing center.  More capital equipment investment means more jobs and payroll dollars in the State, and enhances the ties between the company and Maine communities." 

Located next to the Portland International Jetport in South Portland since 1987, National Semiconductor's manufacturing facility focuses on design, advanced process wafer fab manufacturing, and testing.  National specializes in analog technology that sharpens color and brightness, improves sound quality as well as enhances battery life and portability.  The factory operates seven days a week, 24 hours a day and employs equipment and manufacturing technicians, engineers, and support personnel.  The factory is certified to ISO 9001, ISO 14001, and OHSAS 18001 and is a member of the Maine Department of Environmental Protection's STEP-UP program.

About National Semiconductor
National Semiconductor is a premier analog company. Combining real-world analog and state-of-the-art digital technology, the company is focused on analog-based semiconductor products, which include stand-alone devices and subsystems in the areas of power management, display drivers, audio, amplifiers, imaging and data conversion. The company targets key markets such as wireless, displays, PCs, networks and a broad range of portable applications. With headquarters in Santa Clara, California, National reported sales of $1.67 billion for fiscal 2003, which ended May 25, 2003. Additional company and product information is available on the World Wide Web at www.national.com