1995 ANNUAL REPORT

Product Groups At a Glance

DPG

Dedicated Products Group
Produces application-specific semiconductor products using advanced bipolar, CMOS, BiCMOS, mixed-signal and power technologies. The Group's dedicated products are used in all major end-user applications, including mobile communications networks, asynchronous transfer mode communications systems and digital video compression systems.

MPG

Memory Products Group
Produces a broad range of memory products, including EPROMs, Flash memories, EEPROMs, SRAMs and chips for smartcards. The Group does not produce DRAMs. MPG has been the leading supplier of EPROM memories since 1993, and is using its EPROM and EEPROM expertise to develop and manufacture a broad portfolio of Flash memory devices.

DSG

Discrete and Standard ICs Group
Produces discrete power devices, such as power transistors (power bipolar, power MOS), rectifiers, protection devices, thyristors and application-specific discrete products. Also produces standard linear and logic ICs and radio frequency (RF) products. The Group has a diverse customer base and broad product portfolio.

PPG

Programmable Products Group
Produces microcomponents (including microcontrollers, microprocessors and digital signal processors), as well as digital semicustom devices and mixed analog/digital semicustom devices.
PPG also produces PC graphic devices and multimedia acceleration ICs.

SPG

Subsystems Products Group
Produces electronic subsystems that provide complete solutions for OEM customer applications. Products include converters and complete power supplies, motor control modules, hands-free systems and battery chargers.

NVG

New Ventures Group
Identifies and develops new business opportunities to complement the Company's existing activities and fully exploit its advanced technological expertise, manufacturing capabilities and global marketing team. NVG was formed in May 1994 and its initial activities have focused on manufacturing and marketing x86 microprocessors through a wholly-owned subsidiary in the U.S.

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1995
Message from the President	Financial Report
Financial Highlights	Selected Consolidated Financial Data
Products Group at a Glance	Management's Discussion and Analysis of Financial Condition and Results of Operations
SENIOR MANAGEMENT TEAM	Consolidated Statements of Income
Product Groups	Consolidated Balance Sheets
Regional	Consolidated Statements of Cash Flows
Staff Functions	Consolidated Statements of Shareholders' Equity
Central Functions	Notes to Consolidated Financial Statements
	AUDITOR'S REPORT