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CHARTERED, FUJITSU DIGITAL TECHNOLOGY EXTEND REACH OF
MIXED-SIGNAL SOLUTIONS FOR SOC DESIGN AND MANUFACTURING

Fujitsu Digital Technology Joins Chartered-VCX program,
enhancing mixed-signal IP support


SINGAPORE and Yokohama, JAPAN - April 1, 2002 - Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: Chartered), one of the world's top three silicon foundries, and Fujitsu Digital Technology Ltd. (FDT), a subsidiary of Fujitsu Limited and provider of specialized electronics products and silicon design expertise for communications applications, will provide worldwide access to FDT's mixed-signal and analog intellectual property (IP) technologies silicon proven on Chartered's advanced manufacturing platforms. Customers will be able to access FDT's IP offerings through Chartered's partnership with the Virtual Component Exchange (VCX).

The broad base engagement between the two companies involves FDT's analog IP components, targeting communication applications such as backbone network products (photonic, submarine, wireless and satellite), enterprise network products (LAN/WAN and mobile), access network products (ADSL, ISDN and leased lines), storage, and high-frequency radio and wireless products. IP for these various markets will be silicon proven on Chartered's baseline logic and RF CMOS semiconductor manufacturing processes at multiple technology nodes.

As a VCX member company, FDT is able to participate in Chartered's VCX initiative, obtaining priority access to the Chartered Express program for prototyping its analog IP. This IP will be listed on the VCX TradeFloor. The VCX is the semiconductor industry's first Internet-based regulated trading exchange that facilitates the search, selection, and procurement of IP blocks from a variety of suppliers worldwide.

Selected FDT IP components for system-on-chip (SOC) designs are currently available and customers can view these, as well as technologies offered by Chartered's other mixed-signal IP partners, by linking to the VCX search engine on Chartered's web site at www.charteredsemi.com. Additional offerings from FDT will be available later this quarter.

"Today's announcement validates that the open IP model works for companies of all sizes, including large integrated manufacturers that are both consumers and providers of IP," said Michael Buehler-Garcia, vice president of business development and worldwide marketing at Chartered. "Chartered is pleased that a leading mixed-signal IP provider like FDT views Chartered's approach of offering complete solutions as a competitive advantage and a benefit to their customers."

"We're pleased to be working with Chartered, a leader in mixed-signal chip manufacturing," said Masayuki Yokouchi, senior vice-president at Fujitsu Digital Technology Ltd. "Working with Fujitsu Electronic Devices Group, we have already developed considerable expertise in this area. Our participation with the Chartered-VCX program provides a non-exclusive, non-conflicting marketing channel for proliferating our specialized IP offerings. The decision to leverage the VCX connection also means that our customers will have an efficient transaction process that enables their chip designers to rapidly embed the latest technology in their custom chips."

The two companies began working together a year ago and have already proven in silicon a number of IP elements for Chartered's multiple technology platforms. This effort ensures a greater probability of first-time silicon success for companies using FDT's IP in their designs manufactured by Chartered. These silicon-proven IP components, which have been successfully used in a major telecom company's SOC designs, are now being offered to other companies via the Chartered-VCX program.

About Fujitsu Digital Technology
Fujitsu Digital Technology Ltd. (FDT) offers a comprehensive portfolio of electronics hardware, firmware and software components for communications and network access systems. Founded in 1983 as a strategic subsidiary of Fujitsu Limited, FDT has expertise in large-scale digital and mixed-signal system integration with more silicon design resources than most other third-party mixed-signal intellectual property suppliers. FDT has four research and development facilities located throughout Japan and employs a team of 540 engineers and silicon professionals with the specialized communications applications knowledge needed to develop convergence-era electronic products. Information about FDT can be found at www.fdt.fujitsu.com.

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


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 our collaboration with FDT and the potential benefits of the collaboration to customers, 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 with FDT, changes in market outlook and customer demand. 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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