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Lucent Technologies and Chartered
Semiconductor Enter
US$700 Million R&D Agreement
Companies to develop manufacturing
processes for next generations of communications
chips, packing six times
more transistors than today's devices
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ALLENTOWN, Pa. and SINGAPORE - August 10, 2000 - Lucent Technologies
Microelectronics Group and Chartered Semiconductor Manufacturing today
announced an agreement to invest US$700 million over the next five years to
jointly develop manufacturing technologies for future generations of
integrated circuits targeted at high-growth communications markets. The
agreement links the leading supplier and a leading manufacturer of
semiconductors for communications applications.
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Chips using these new technologies will contain hundreds of millions of
transistors - as many as six times the number on a chip today. These chips
will combine the functions of separate integrated circuits into powerful
"systems-on-a-chip" that will shrink the size of communications products while
delivering more processing power, higher reliability and energy efficiency.
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As part of the joint development activities, the companies will staff a
new Bell Labs research and development (R&D) team on Chartered's Woodlands
campus in Singapore. These scientists and engineers will work with Bell Labs
teams in Murray Hill, N.J., and Orlando, Fla., as well as with Chartered's
technology development organization, to create a global 600-person R&D
team focused on innovations in manufacturing technology.
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"Our agreement with Chartered ensures we'll have the technology and
manufacturing capacity we need to meet customer demand and maintain our
leadership in the fast-growing market for communications semiconductors," said
John Dickson, executive vice president and chief executive officer of Lucent's
Microelectronics and Communications Technologies group. "We'll implement newly
developed technologies into manufacturing operations at both companies' sites
to reduce time-to-market and leverage our investment across a wider range and
higher volume of products."
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The chips resulting from the newly developed technologies will be at the
heart of the broadband and mobile Internet infrastructure, as well as in
sophisticated information appliances such as palm-sized personal digital
assistants that provide high-speed wireless Internet access and full-motion
video capability.
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"Together, Lucent and Chartered demonstrate the winning benefits of
long-term strategic relationships to partners and customers alike," said Barry
Waite, president and CEO of Chartered. "Leveraging complementary strengths
enables us to build a global infrastructure for the full spectrum of research,
development and manufacturing necessary to vault Chartered's technology
roadmap to the forefront of the industry. That's not just a winning
combination for us; our customers will be winners by reaping the benefits of
our collaboration."
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The new effort builds on a successful manufacturing joint venture that the
two companies created in 1998 called Silicon Manufacturing Partners (SMP),
which is an integral part of Chartered's manufacturing complex in Singapore.
It also draws on joint work that Chartered and Lucent undertook in 1999 to
enhance their current process technologies.
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The non-exclusive R&D agreement specifically addresses the development
of complementary metal oxide semiconductor (CMOS) digital logic, mixed-signal
(or analog), and embedded static random access memory (SRAM) process
technologies at the 0.13-micron, 0.10-micron and 0.08-micron technology nodes.
Results of the R&D effort will be available to the SMP fabrication
facility, or fab, as well as Chartered's and Lucent's own fabs.
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Chartered and Lucent have also agreed to investigate establishing a
development lab in Singapore for 300 millimeter, or 12-inch, wafer
manufacturing strategies. Wafers -- the silicon "disks" that chips are
fabricated on -- are today as large as 200 millimeters, or 8 inches, in
diameter. The larger wafers have the potential to further increase
chip-manufacturing volume and lower production costs.
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About Chartered
Chartered Semiconductor Manufacturing is one of
the world's top three independent foundries. The Company's business model is
distinguished by its strategy to build trusted long-term relationships, where
manufacturing is part of a larger customer-service focus that includes joint
development and implementation of new process technologies supporting novel
applications within the broad communications market. Chartered operates five
semiconductor fabrication facilities at its Singapore headquarters, with a
sixth fab under construction.
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A company with both global presence and perspective, Chartered is traded
on both the Nasdaq Stock Market in the United States (NASDAQ:CHRT) and on the
Singapore Exchange Securities Trading Limited in Singapore (SGX-ST:CHARTERED).
More than 3400 employees are based at 11 locations around the world.
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About Lucent Technologies
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Lucent Technologies (NYSE:LU), headquartered in Murray Hill, N.J., USA,
designs and delivers the systems, software, silicon and services for
next-generation communications networks for service providers and enterprises.
Backed by the research and development of Bell Labs, Lucent focuses on
high-growth areas such as broadband and mobile Internet infrastructure;
communications software; communications semiconductors and optoelectronics;
Web-based enterprise solutions that link private and public networks; and
professional network design and consulting services. For more information on
Lucent Technologies, visit its Web site at http://www.lucent.com/
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Lucent Technologies Microelectronics Group is the $4 billion world leader
in semiconductors for communications applications. Lucent has announced it
will spin off the Microelectronics Group as an independent company that will
include its optoelectronics and integrated circuits divisions. The spin-off,
slated for completion by the summer of 2001, will create the only stand-alone
semiconductor company that can offer end-to-end networking solutions that
address the convergence of photonics and electronics based on leadership in
both integrated circuits and optoelectronic components. The new company will
also provide wireless computer networking system solutions through its
ORiNOCO™ product line. More information about the Microelectronics Group is
available from its web site at http://www.lucent.com/micro
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Chartered Safe Harbor Statement under the provisions of the United
States Private Securities Litigation Reform Act of 1995
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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 $700 million joint investment, the
development, implementation and availability of new process technologies, the
creation and productivity of research and development teams and the intention
to explore new manufacturing strategies, reflect our current views with
respect to future events and are subject to certain risks and uncertainties
which could cause actual results to differ materially from those anticipated.
For example, amendment or termination of the joint development agreement or
unforeseen delays or difficulties in the implementation of the joint
development project, the introduction of new technologies or fluctuations or
changes in the semiconductor industry or market could cause actual results to
differ materially from those anticipated. 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 the 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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