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CHARTERED
OPENS OFFICE IN NORDIC REGION
Leading foundry strengthens customer support to Europe
STOCKHOLM, Sweden - November 7, 2001 - Chartered
Semiconductor Europe, a subsidiary of Chartered Semiconductor
Manufacturing (Nasdaq: CHRT and SGX-ST: Chartered),
today announced the opening of an office in Stockholm,
Sweden, to cover the Nordic market area. Chartered,
one of the world's top three silicon foundries, becomes
the first dedicated foundry to establish a physical
presence in the Nordic region. The Stockholm location
ensures Chartered is strategically positioned within
one of the major technology hubs in Europe.
Chartered will use its local presence to better serve
current and future customers and technology partners
in the Nordic countries through closer working relationships
and local resources that can be rapidly mobilized to
support customers' requirement for advanced manufacturing
solutions and services.
Chartered has named semiconductor industry veteran Stefan
Ahlquist as director, Northern Europe to head the UK,
Benelux and Nordic area. Ahlquist has more than 17 years
of experience in the European semiconductor industry.
Prior to joining Chartered, Ahlquist worked as European
sales director within Motorola's Semiconductor Product
Sector based in Toulouse, France. "As part of Chartered's
forward-looking strategy, we are making a long-term
investment in Europe, given its high concentration of
IDMs and systems companies serving the global communications
market," said Allan Hughes, president of Chartered Europe.
"Chartered's presence in the Nordic countries will enable
us to provide dedicated support to our customers here
and better forge deeper, stronger collaborative relationships
with some of the world's leading technology drivers."
Chartered differentiates itself through its flexible,
customer-centered approach that delivers advanced solutions
to companies dealing with the stringent silicon density,
performance and reliability requirements of diverse
applications such as communications, PC and consumer
products.
Chartered's office for the Nordic region is located
at Länsmanstigen 1, 182 36 Danderyd, Sweden (Phone:
+ 46 8 622 500; Fax: + 46 8 622 6002).
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 over
US$1.1 billion. More than 4,300 Chartered employees
are based at 12 locations around the world. Information
about Chartered Semiconductor Manufacturing can be found
at www.charteredsemi.com
Chartered Semiconductor Europe Ltd. has been incorporated
as a wholly owned subsidiary of Chartered Semiconductor
Manufacturing since March 2001. Based in London, Chartered
Semiconductor Europe also has regional offices in Paris;
Munich and Stockholm.
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