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Chartered Grows Taiwan Market
Presence with Addition of
General Manager
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SINGAPORE and TAIPEI, TAIWAN -- August 29, 2000 -- Underscoring the market
vitality of Taiwan, Chartered Semiconductor Manufacturing (SGX-ST: CHARTERED
and Nasdaq:CHRT) has appointed Bo Cheng as general manager of Taiwan. Mr.
Cheng will lead Chartered's business operations in Taiwan, working from the
Company's offices in Hsinchu and Taipei. He reports to Bruno Guilmart,
Chartered's president of Asia-Pacific and Japan.
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A 25-year semiconductor industry veteran, Mr. Cheng was the country
general manager for Cadence Design Systems Taiwan, Inc. just prior to joining
Chartered. His past experience includes general management and sales in
Taiwan, Singapore and the USA for such companies as IBM Microelectronics and
Temic Semiconductors.
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Commenting on the appointment, Mr. Guilmart, said, "As the region begins
diversifying from PC-centric applications toward communications, new
opportunities are emerging to provide innovative companies system-level
solutions. Bo's track record and knowledge of the Taiwan market will be
invaluable in leading Chartered's presence here to the next level."
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Mr. Cheng holds a bachelor's degree in business administration from Feng
Chia University, Taiwan and a masters in computer science engineering from San
Jose State University in California.
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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).
The Company reported 1999 revenues of US$694.3 million. More than 3400
Chartered employees are based at 11 locations around the world.
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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 the statements
relating to the growth of Chartered's presence in the Taiwan semiconductor
market and anticipated opportunities to provide system-level solutions to
semiconductor companies in Taiwan, 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, changes in the
economic condition, market outlook and customer demands in the Taiwan region
and natural disasters or other environmental concerns in that region could
affect the foregoing 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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