CHARTERED EXPANDS CUSTOMER ACCESS TO KEY MIXED-SIGNAL IP

Chartered, Unive Sign Analog IP Agreement for High-Performance I/O Components

SINGAPORE and MILPITAS, Calif. - June 10, 2002 - Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: Chartered), one of the world's top three silicon foundries, today announced an agreement with analog semiconductor intellectual property (IP) provider Unive that co-funds development of standard mixed-signal technologies for system-on-chip (SoC) applications. Semiconductor and system design companies will benefit from a cost-effective, flexible model for accessing high-speed input/output (I/O) components that are silicon proven (also known as "hardened") on Chartered's leading-edge semiconductor manufacturing processes. As a result, design teams can have higher confidence and shorter design cycles when selecting Unive's mixed-signal I/O components for their SoCs.

The non-exclusive agreement between the two companies initially covers Unive's LVDS, SSTL2 and USB2.0 offerings targeted for devices that will be manufactured using Chartered's 0.18-micron and 0.13-micron processes. It also provides the option to expand into other Unive IP offerings and Chartered manufacturing products, including 90 nanometer technology as the market demands.

"The business agreement with Unive provides companies access to open, standards-based IP that is silicon proven for maximum flexibility and faster time-to-market," said Michael Buehler-Garcia, vice president of business development at Chartered. "By subsidizing development rather than owning the IP, Chartered can pass on the benefit of reduced usage fees to customers, while allowing them to retain their freedom of choice for foundry sourcing decisions."

"We are extremely encouraged by Chartered's leadership and initiative in driving the development and delivery of analog and mixed-signal IP," said David Jang, president and CEO of Unive. "Chartered's focused efforts, combined with Unive's design expertise in customizing IP, provides a robust platform for delivering SoC solutions that support the mixed-signal IP and manufacturing requirements of high-speed, high-performance connectivity applications for the communications and high-end computing markets."

The Chartered and Unive business agreement provides mutual customers with reduced cost and accelerated access to Unive's standardized IP for manufacturing at Chartered. Companies pay an upfront, fixed fee and no royalties for design-in access. The Unive LVDS, SSTL2 and USB2.0 offerings are expected to be available for Chartered's 0.18-micron and 0.13-micron processes in the third quarter of 2002. Companies can obtain information on pricing and availability for specific IP components directly from Unive.

Chartered's Open IP Strategy
Today's announcement follows the February 2002 launch by Chartered of an IP initiative with the Virtual Component Exchange (VCX), 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. Chartered provides VCX members with mixed-signal product design kits and priority access to the Chartered Express program for prototyping their mixed-signal IP, thus ensuring higher probability of first-time silicon success when companies design in VCX-member IP. Unive was one of the first companies to implement mixed-signal IP through the Chartered-VCX relationship. (Editor's Note: Reference February 18, 2002 press release, "Chartered Connects with VCX to Extend Foundry's Reach in Mixed-Signal for SOC Design and Manufacturing")

About Unive
As an analog IP provider, Unive is supporting the most efficient analog IP blocks for SOC designs to the leading Telecommunication and Multimedia system companies worldwide. Unive offers basic analog IPs, such as ADC, DAC, PLL, Voltage Regulator, Power On Reset, OP AMP, and Power Converters to the high speed interface IPs, LVDS, SSTL2, HSTL, USB2.0, IEEE802.11a/b/g, and Optical Transceiver. Unive lists its IP blocks on the VCX TradeFloor to create an efficient transaction process that enables mutual customers to rapidly embed Unive's technology in devices targeted for manufacturing with Chartered's advanced process technologies, ranging from 0.35 micron to 90 nanometer. Unive also supports the mixed signal ASIC design service with 'Silicon Tailoring' Analog IP solutions in the standard CMOS process. To find more Unive information, visit the web at www.unive-inc.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 the success of our collaboration with Unive 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: difficulties, interruptions or unforeseen delays in the implementation of our collaboration with Unive or changes in market outlook and customer demand for mixed-signal IP. 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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