CHARTERED HOSTS FIRST TECHNOLOGY FORUMS IN CHINA

Strong Attendance at Events in Shanghai and Beijing Offer Additional Opportunities for Collaboration between Foundry and Emerging China Market

BEIJING - March 29, 2002 - Chartered Semiconductor Manufacturing (NASDAQ: CHRT and SGX-ST: Chartered), one of the world's top silicon foundries, hosted Technology Forums in Shanghai and Beijing this week, marking the first time Chartered has brought its popular worldwide technology forum series to this emerging region. About 400 design engineers and engineering managers attended the events, along with local dignitaries and company executives.

The Tech Forums focused on how Chartered can serve the needs of the emerging community of semiconductor and system companies in China with access to state-of-the-art chip manufacturing services and technologies. Chartered senior executives presented an overview of the strategy behind Chartered's total product solutions approach. In addition, technical experts detailed the company's logic, mixed-signal and design solutions.

"By hosting our Technology Forum series in China, Chartered takes yet another step into the world's fastest developing semiconductor market," said Bruno Guilmart, president of Asia-Pacific and Japan for Chartered. "Attendance at the events exceeded our expectations, providing an opportunity to expand our relationships with existing customers and enabling dozens of other companies to learn more about Chartered and the strong technology foundation we have for servicing this region.

Our goal is to broaden the channels for ongoing collaboration with the expanding semiconductor industry in China through events like the Shanghai and Beijing Tech Forums. Building these relationships enables Chartered to better understand and address the unique needs of China's semiconductor companies. We believe the result will be a product roadmap that enables growth in China and supports the long-term success of Chartered customers across the global marketplace," added Guilmart.

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

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 our product roadmap and the appropriateness of our business model and strategy, 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 introduction of new competing technologies, or changes in market outlook and customer demand, specifically in the foundry services and communications segments. A description of the 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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