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- CHARTERED
EXPANDS PRESENCE IN CHINA WITH SHANGHAI OFFICE
Leading Foundry Broadens Reach within Fastest Growing
Semiconductor Market, Strengthens Customer Service Offering
and Support
SHANGHAI,
China, August 16, 2002 - Chartered Semiconductor Manufacturing
(Nasdaq: CHRT and SGX-ST: Chartered), one of the world's
top three silicon foundries, today announced the opening
of a regional office in Shanghai, further strengthening
Chartered's presence and establishing a customer service
organization in China. The Shanghai office supports dedicated
customer service, engineering and marketing functions,
and also serves as a strategic gateway to other regions
within China.
"The opening of Chartered's office in Shanghai is
an important milestone for this region, and a key component
of our strategy for broadening Chartered's global reach,"
said Bo Cheng, vice president of Asia-Pacific for Chartered.
"Our strategy in China goes beyond technology and
capacity. We are collaborating with fabless semiconductor
companies and system OEMs to shape business models that
allow them to take advantage of changing market conditions
and emerging opportunities. Closer proximity will help
us build even deeper, stronger relationships, and brings
the benefits of local customer service and customized
manufacturing solutions to more companies in China."
Tony-Wei Chen has been appointed Chief Representative
for Chartered's Shanghai Representative Office. Chen joined
Chartered in 1994 and has 14 years of experience in the
semiconductor industry. Prior to this appointment, Chen
was deputy director of field engineering and deputy director
of marketing for the Asia Pacific and Japan regions. Based
in Chartered's Singapore headquarters, Chen was responsible
for planning and driving the execution of Chartered's
marketing strategies as well as leading the field engineering
organization in these regions. He previously held technology
development positions with Northern Ireland Semiconductor
Centre in Belfast, United Kingdom, and lectured on thermal
dynamics and molecular physics at the Shantou University,
China.
Long-Term Strategy
Chartered has been engaging with customers in China since
1997. The opening of the Shanghai office is the latest
step in Chartered's long-term strategy for China.
Chartered's current offering of total product solutions
provides customers access to the key building blocks required
to develop advanced semiconductor and system-on-chip products.
This includes access to leading-edge and mainstream manufacturing
technologies, as well as advanced design kits consisting
of market-leading memory compilers, standard cell and
I/O libraries, third party intellectual property components,
and mixed-signal process design kits (PDKs). Chartered
has expanded this offering by providing free access to
Avant! Libra-Visa memory compilers, standard cell and
I/O libraries (recently acquired by Synopsys). The 0.35-micron
node was specifically targeted, along with Cadence's mixed-signal
PDKs for 0.35 micron, to address the needs of China's
mainstream markets.
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 global and China business models and strategies
reflect our current views with respect to future events
and financial performance, 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: changes in market outlook
and trends, specifically in the foundry services and communications
segments; economic conditions in China, the United States
as well as globally; customer demands; and continued success
in our business strategies and technological advances.
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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