Chartered Regional President Heightens Focus on Europe
Market for Foundry Services
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SINGAPORE -- August 21, 2000 -- Chartered Semiconductor Manufacturing
(Nasdaq:CHRT; SGX-ST:Chartered) has appointed Allan Hughes as president,
European region. In this new position, Mr. Hughes will oversee all business
activities in Europe, including marketing, customer service and engineering
support. Mr. Hughes will report to the office of the president.
An industry veteran with more than 17 years' of semiconductor experience,
Mr. Hughes was formerly vice president and general manager within Motorola's
Communications Enterprise in Europe responsible for cellular handsets and
paging products. He also has held various management positions in Motorola's
Semiconductor Products Sector and was primarily responsible for
microcontroller integrated circuits.
Commenting from the office of the president, Rob Baxter said, "There is
clear synergy between Europe's communications market expertise and Chartered's
focus on enabling process technologies for communications systems. Allan's
appointment and his communications background underscore our intent to serve
this region well."
Europe was Chartered's fastest growing region in 1999. In the 12 months
ending June 30, 2000, the region accounted for 24 percent of the Company's net
revenues of $271.4 million.
Mr. Hughes holds a bachelor of science degree in technology and business
studies from Strathclyde University in Scotland.
Chartered's European offices are located in Munich, Paris and London.
About Chartered
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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).
The Company reported 1999 revenues of US$694.3 million. More than 3400
Chartered employees are based at 11 locations around the world.
