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Conexant and Chartered Extend Relationship
with New
Manufacturing Alliance
Conexant Benefits From Chartered's
Digital and Mixed-Signal
Manufacturing
Technologies
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NEWPORT BEACH, Calif. and SINGAPORE -- July 13, 2000 -- Chartered
Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: CHARTERED), an
industry leader among semiconductor foundry service providers, and Conexant
Systems, Inc. (Nasdaq: CNXT) today announced an expansion of their nine-year
relationship with a new manufacturing alliance. The parties have signed a
memorandum of understanding related to a five-year agreement to be entered
into between the companies that will guarantee significant additional
capacity to Conexant with wafers from multiple process generations. Conexant
will use Chartered's full suite of digital and mixed-signal manufacturing
technologies to provide leading-edge solutions for its customers in the
communications markets.
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- "Continuity and flexibility are essential elements of a competitive
manufacturing strategy," said Terry Ellis, senior vice president of
operations at Conexant. "Our long-standing relationship with Chartered has
delivered consistently on these key requirements. Chartered is an excellent
foundry partner, particularly in mixed-signal technology optimized for
communications applications. This important agreement provides excellent
alignment with our diverse process portfolio and increasing foundry
requirements. We are pleased to be extending our important relationship with
Chartered."
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- "Working with a company like Conexant challenges us to provide the best
service possible," said Michael Rekuc, president of Chartered's Americas
region. "Our goal is to be the industry's most trusted manufacturing
partner, and this relationship of nine-plus years demonstrates our
determination to live up to that commitment every day."
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About Chartered
- Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST:
CHARTERED) is one of the world's top three independent 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 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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About Conexant Systems, Inc.
- With a revenue run-rate of approximately $2 billion per year, Conexant
is the world's largest independent company focused exclusively on providing
semiconductor solutions for communications electronics. With more than 30
years of experience in developing communications technology, the company
draws upon its expertise in mixed-signal processing to deliver integrated
systems and semiconductor products for a broad range of communications
applications. These products facilitate communications worldwide through
wireline voice and data communications networks, cordless and cellular
wireless telephony systems, personal imaging devices and equipment, and
emerging cable and wireless broadband communications networks. The company
aligns its business into five product platforms: Network Access, Wireless
Communications, Digital Infotainment, Personal Imaging, and Personal
Computing. Conexant is a member of the S&P 500 and Nasdaq-100 Indices.
For more information, visit Conexant at http://www.conexant.com/.
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Note to Investors
- 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 including, without
limitation, statements relating to the agreement to be entered into, the
five-year term of such agreement, the continuing business relationship with
Conexant, and the supply of wafers with a multi-generational process
geometry roadmap, reflect Chartered'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. For example, the failure to enter
into the agreement, changes in the market outlook, customer demand, and the
availability of materials, equipment and manpower could affect the
abovementioned forward-looking statements. Although Chartered 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 Chartered's Annual Report on Form 20-F filed with the U.S.
Securities and exchange Commission. Chartered 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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