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Chartered Breaks into Business Week Magazine's Top
100
Information Technology Companies
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SINGAPORE -- June 24, 2000 -- In its first year of eligibility,
Chartered Semiconductor Manufacturing (SGX-ST:CHARTERED and Nasdaq:CHRT) has
moved into BusinessWeek Magazine's annual list of the world's top
"Information Technology 100" companies.
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- Featured in the June 19 issue of BusinessWeek, the list ranks
public information technology companies worldwide based on revenues, revenue
growth, return on equity, and total return to shareholders. Chartered, which
ranked 57th, reported revenues of $801.9 million and revenue growth of 96.7%
in BusinessWeek's reporting period of April 1, 1999 through March 31,
2000. In the magazine's category of shareholder return, which was calculated
for the 12 months ended on May 15, Chartered ranked 46th.
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- This recognition follows Chartered's inclusion in last month's
Financial Times "FT 500" ranking of Asia-Pacific companies. Based on
market capitalization, Chartered ranked 50th. Since its initial public
offering (IPO) last October, Chartered has also been added to the Morgan
Stanley Capital International (MSCI) Index -- one of the most widely used
benchmarks for international investors. In terms of market capitalization,
Chartered currently ranks third among companies included in the Singapore
MSCI.
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- Chartered attributes its financial performance to the successful
implementation of its foundry business model, which the Company executes
through a partnering strategy. Additionally, Chartered has benefited from
its focus on serving the communications market sector and capitalizing on
the industry trend to outsource semiconductor manufacturing.
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About Chartered
- Chartered Semiconductor Manufacturing (Nasdaq:CHRT and SGX-ST:Chartered)
is one of the world's top threeindependent foundries providing wafer
fabrication services. Guided by the tenets of trust, service, partnership,
advanced technology and stability, the Company aims to provide world-class
semiconductor foundry services that enable customers to create and deliver
market-leading system-level solutions. Chartered operates five fabrication
facilities that serve high-growth, technologically advanced applications
such as communications and networking. Headquartered in Singapore, Chartered
employs approximately 3400 people at its 11 locations in North America, Asia
and Europe.
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- Chartered completed its global initial public offering in October 1999
and is traded in the United States on Nasdaq and in Singapore on the
Singapore Exchange Securities Trading Limited (SGX-ST). The Company reported
1999 revenues of US $694.3 million.
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Safe Harbor Statement under the provisions of the United States
Private Securities Litigation Reform Act of 1995
- This news release contains forward-looking statements, as defined in the
safe harbor provisions of the United States Private Securities Litigation
Reform Act of 1995. These forward-looking statements reflect the Company's
current views with respect to future events and financial performance, and
are subject to certain risks and uncertainties, which could cause actual
results to differ materially from historical results or those anticipated.
Although the Company believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, it can
give no assurance that its expectations will be attained. A description of
certain of the risks and uncertainties which could cause actual results to
differ materially from those indicated in the forward-looking statements can
be found in the section captioned "Risk Factors" in the Company's Annual
Report on Form 20-F filed with the U.S. Securities and exchange Commission.
The Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
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