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CHARTERED FURTHER STRENGTHENS FOCUS ON CUSTOMER AND MANUFACTURING EXCELLENCE WITH THREE EXECUTIVE APPOINTMENTS

SINGAPORE - August 21, 2002 - Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: CHARTERED), one of the world's top three silicon foundries, today announced three executive appointments as part of its dedicated effort to provide world-class services and support to its customers. The appointments include Bruno Guilmart as senior vice president of worldwide sales and marketing, Kay Chai "KC" Ang as senior vice president of fab operations, and Tang Yong "TY" Ang as vice president of quality, reliability assurance and support operations. The three executives report directly to Chia Song Hwee, president & CEO of Chartered.

"As the foundry market grows and evolves, customers have come to expect greater services and manufacturing support from their foundry partner. Close alignment with our customers is key to Chartered's success, and the appointment of three proven executives like Bruno, KC and TY demonstrates our commitment to addressing customer needs and furthering our position as a top-tier foundry. Under the direction of these three executives, Chartered will have even stronger focus on the end goals of providing our customers with greater flexibility, higher probability of first-time silicon success, and improved time to market," said Chia.

In order to further sharpen Chartered's focus on customer needs and trends within key market segments, Guilmart has been promoted to the newly created position of senior vice president of worldwide sales and marketing. With this appointment, all customer services and support activities, including EDA, IP and design support, will also be under his leadership. Guilmart most recently served as president of Chartered's Asia Pacific and Japan regions. He has more than 20 years of experience in engineering, business development, and sales and marketing, having previously worked at Cadence Design Systems, Temic Semiconductor, and Hewlett Packard.

In his role as senior vice president of fab operations, KC Ang will be responsible for manufacturing strategy and operational excellence across all of Chartered's fabs. He will lead Chartered's focus on cost, yield and cycle time. KC Ang returns to Chartered after spending the past four years at Silterra, where he was responsible for fab operations. Prior to that, he spent nine years at Chartered with responsibilities for leading the initial conception, development and ramp up of Chartered's Fab 2 and Fab 3.

TY Ang is responsible for quality, reliability assurance and support operations, including facilities and supply management. TY Ang returns to Chartered after spending 15 months as president of Ellipsiz, a provider of semiconductor engineering and manufacturing services. Prior to that, TY Ang spent seven years in a variety of leadership positions at Chartered, including facilities director, vice president of operations in Fab 1, general manager of Silicon Manufacturing Partners (SMP or Fab 5), and general manager of Chartered Silicon Partners (CSP or Fab 6). He has also held various positions with AT&T, Hitachi, and Texas Instruments.

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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