CHARTERED DELIVERS 0.18-MICRON SILICON TO CHINA'S SHANGHAI TSINGHUA CHIP CRYSTAL MICROELECTRONICS

Chartered and Shanghai Tsinghua Chip announce first silicon for a 2.4 GHz RF transceiver chip manufactured with Chartered's 0.18-micron RF CMOS process

Shanghai, CHINA and SINGAPORE - February 7, 2002 - Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: Chartered) and Shanghai Tsinghua Chip Crystal Microelectronics Company, Ltd., a startup IC design house funded by Tsinghua University, today announced first silicon for a 2.4 GHz RF transceiver chip manufactured with Chartered's 0.18-micron RF CMOS process. Chartered's delivery of 0.18-micron technology to China's semiconductor market further strengthens the Company's industry position as one of the world's top three silicon foundries.

Chartered's high-performance and cost-effective RF CMOS process capabilities are targeted by Shanghai Tsinghua Chip for wireless local area networks (LAN) applications. Using the RF CMOS design kit provided by Chartered, Shanghai Tsinghua Chip achieved first-pass design success and accelerated the development cycle for its product prototypes. As part of its comprehensive wireless LAN product roadmap, Shanghai Tsinghua Chip will unveil a prototype wireless system at the 4th Shanghai International Industry Fair to be held in Shanghai in November 2002.

"Chartered's strength in RF CMOS and mixed-signal technologies, combined with the company's customer-focused business model, will be an important factor in the growth of the wireless market in China," said Wei-Zhi Shao, General Manager for Shanghai Tsinghua Chip. "Because of the success of this project with Chartered, we expect to get working prototypes of our new 2.4 GHz RF transceiver chip into the market sooner. This gives us more time to thoroughly evaluate commercial viability of multiple products and prepare for volume production."

"Shanghai Tsinghua Chip needed leading-edge 0.18-micron RF CMOS and mixed-signal technologies to support its aggressive product roadmap for advanced wireless applications," said Bruno Guilmart, president of Asia Pacific for Chartered. "By running multiple prototypes on our 0.18-micron Chartered Express program, Shanghai Tsinghua Chip benefited from access to advanced technologies and, more importantly, the ability to leverage Chartered's flexible and cost-effective solutions to meet their time-to-market requirements."

High-Performance RF CMOS
Chartered's 0.18-micron RF CMOS process used to produce the chip for Shanghai Tsinghua Chip features a core voltage of 1.8 and I/O voltage of 3.3 volts. The process achieves extremely high performance with peak fT of 60 GHz and peak fmax of 65 GHz. By utilizing a triple-well module, Chartered's RF CMOS and mixed-signal processes have also demonstrated a 25 dB noise reduction in substrate coupling, which is a significant improvement over the traditional twin well process.

The 0.18-micron RF CMOS and mixed-signal product solutions are available now for production. This solution consists of complete characterization reports, SPICE and RF models, design rules and electrical specifications, as well as process design kit.

Chartered's RF CMOS offerings are based on a development strategy that optimizes silicon manufacturing for a broad range of products driven by the convergence of communications, computing and consumer applications, such as BluetoothTM-based applications and other wireless and RF systems. The RF CMOS module features high-performance RF transistors and a complete suite of passive components characterized and tuned for RF applications. The suite of passive components includes spiral inductors, Metal Insulator Metal (MIM) capacitors, varactors, and poly-resistors, all of which are integral RF components for system-on-chip implementations.

About Shanghai Tsinghua Chip
Founded in July 2001, Shanghai Tsinghua Chip Crystal Microelectronics Co., Ltd. is a joint venture company between Tsinghua University, the major shareholder, and Shanghai New Huangpu (Group) Co., Ltd.. Shanghai Tsinghua Chip's mission is to become a leading manufacturer (fabless) of high quality analog and mixed-signal products, dedicated to providing customers with cost-effective, innovative solutions for power management and wireless communication. Backed by the most famous R&D institute in China - Institute of Microelectronics, Tsinghua University - Shanghai Tsinghua Chip will focus on two major targets: power management devices widely used in desktop and hand-held IT products and 2.4G RF technology while developing related wireless communication products. Shanghai Tsinghua Chip is headquartered in Shanghai with an R&D center in Beijing in order to strengthen the seamless cooperation with the Institute of Microelectronics, Tsinghua University.

About Chartered
Chartered Semiconductor Manufacturing, one of the world's top three silicon foundries, is forging a customized approach to outsourced semiconductor manufacturing by building lasting and collaborative partnerships with its customers. The Company provides flexible and cost-effective manufacturing solutions for customers, enabling the convergence of communications, computing and consumer applications. In Singapore, Chartered operates five fabrication facilities 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 (Nasdaq: CHRT) and on the Singapore Exchange (SGX-ST: CHARTERED). Chartered's 4,000 employees are based at 12 locations around the world. Information about Chartered can be found at www.charteredsemi.com.

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