CHARTERED DETAILS ROADMAP FOR 0.10-MICRON SEMICONDUCTOR MANUFACTURING PROCESS

Foundry to provide early access to mixed-signal module with new 0.10-micron product

SINGAPORE and MILPITAS, Calif. - October 1, 2001 - Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: Chartered), one of the world's top three silicon foundries, today announced the delivery milestones for its 0.10-micron semiconductor manufacturing process, which includes an all-copper, low-k dielectric solution with the baseline logic offering and an accelerated development schedule for the advanced mixed-signal module. A rigorous qualification process and pilot projects with partners are designed to yield a robust product suite, earlier silicon validation, and low-risk production. Chartered's 0.10-micron roadmap targets the broad range of convergence applications that require advanced logic processes as well as specialized expertise in analog and mixed-signal technologies.

With the 0.10-micron roadmap, Chartered's expertise in specialty applications enables the development of analog and mixed-signal technologies in parallel with the baseline logic processes. This concurrent development strategy will provide Chartered customers with early access to all of the elements needed to begin prototyping both the mixed-signal and digital components of their performance-driven systems on chip.

A pre-silicon release of the 0.10-micron design kit and models is expected to be available in the first quarter of 2002. The Chartered Expressä customer prototyping program for 0.10 micron is scheduled to launch in the second half of 2002, and pilot production expected in the fourth quarter of 2002. Artisan Components, Inc., Avant! Corporation, Cadence Design Systems, Inc. and Virage Logic Corp. will be among the leading third-party intellectual property (IP) and electronic design automation (EDA) vendors that engage in 0.10-micron pilot projects with Chartered.

"New and specialized applications are required in order to leverage the vast opportunities of the convergence evolution, and technologies such as RF and mixed signal are increasingly important," said Joanne Itow, senior analyst at Semico Research. "Chartered is a leader in the technology race, and has made great strides with efficient, cost-effective approaches to developing and implementing advanced processes and manufacturing options. These moves position Chartered to reap the rewards as companies move their new convergence applications into production."

Foundries Drive Technology Development
Chartered's president and CEO Barry Waite sees 0.10 micron as a turning point in the evolution of the foundry business model, "Clearly, at this level of complexity, foundries must do more than provide generic logic processes. Foundries such as Chartered are driving the next generation in chip manufacturing, while also investing in the specialized technologies that will empower customers to capitalize on the emerging opportunities of the growing convergence in computer, communications, and consumer applications.

"Today's announcement is especially significant for Chartered. It not only raises the bar on baseline logic processes, it also defines how foundry products, complete with specialized capabilities like mixed signal, must be delivered to customers going forward," added Waite.

Chartered's senior executives will discuss 0.10-micron product requirements and their impact on the foundry business model during the Company's annual Technology Forum, which will be held later this week in San Jose, California, and in Taiwan and Japan in mid-October. More information is available at www.charteredsemi.com.

0.10-micron Product Roadmap
Chartered's standard foundry 0.10-micron process achieves a 25 to 30 percent linear shrink in layout rules and a 40 percent reduction in overall chip real estate, compared to the 0.13-micron technology node. Gate densities for 0.10-micron layouts are expected to improve by factors of 1.3 to 1.6 and 2.5 to 4.0 as compared to 0.13-micron and 0.18-micron technologies, respectively. The 0.10-micron product will feature Chartered's standard suite of reusable process elements and multiple transistor configurations. Transistor options include nominal, high performance, low power, low leakage, and low voltage with input/output operating voltages of 1.8, 2.5, or 3.3 volts. Core transistor operating voltages include 0.9, 0.10 or 1.2 volts.

"As the leading provider of analog/mixed-signal EDA tools, we applaud Chartered's comprehensive approach to developing and delivering its 0.10 micron process. Robust support of leading EDA tools like Cadence Analog Design Environment - as well as leading IP cores and libraries - is critical," said Lavi Lev, senior vice president and general manager, IC Solutions Business at Cadence. "Like Chartered, we see digital-analog convergence as a major industry trend, and we look forward to continuing to work together to address the challenges it presents."

Chartered is deploying a development strategy that starts with early adopter access to the complete 0.10-micron baseline product, including both digital and mixed-signal technologies, and it features the 0.10-micron product design kit, silicon-proven libraries and EDA tool flows, and support for multiple IP platforms. In addition to mixed signal, Chartered's plug-in modules for embedded memory and RF CMOS applications are also standard offerings with the 0.10-micron product platform. Chartered's development team is collaborating with Agere Systems on the advanced modules for 0.10 micron as part of the joint development agreement between the two companies.

Quote Sheet

About Chartered
Chartered Semiconductor Manufacturing is one of the world's top three silicon 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 in Singapore and has a sixth fab in the process of being developed as a 300mm facility.

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 2000 revenues of more than US$1.1 billion. Chartered's 4,300 employees are based at 11 locations around the world. Information about Chartered Semiconductor Manufacturing can be found at www.charteredsemi.com

Chartered 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 U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, including without limitation, statements relating to development, qualification and production milestones for our 0.10-micron technology roadmap, performance targets for the above technology, our collaboration with selected technology, IP and EDA vendors in connection with the development of the above technology and the anticipated results thereof, outlook for developments in the semiconductor industry and in particular, the growing convergence of computer, communications and consumer applications, and the appropriateness of our business model and strategy including our views on the role of foundries in driving the next generation in chip manufacturing and our investments in the development of specialized technologies at 0.10-micron, 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 historical results or those anticipated. Among the factors that could cause actual results to differ materially are: the difficulties, interruptions or unforeseen delays in the implementation of our collaborative efforts, anticipated progress, development, qualification and production plans, the introduction of new competing technologies, changes in market outlook and customer demand specifically in the foundry services segment, or a sustained slowdown in the worldwide semiconductor industry. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained. In addition to the foregoing factors, a description of certain other risks and uncertainties which could cause actual results to differ materially can be found in the section captioned "Risk Factors" in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events. We undertake 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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