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CHARTERED APPOINTS KEVIN MEYER AS VICE PRESIDENT OF WORLDWIDE MARKETING AND SERVICES

Industry Veteran Re-Joins Leading Foundry To Drive Strategic Initiatives

SINGAPORE - April 29, 2003 - Chartered Semiconductor Manufacturing (NASDAQ: CHRT and SGX-ST: Chartered), one of the world's top three silicon foundries, today announced the appointment of industry veteran Kevin Meyer as vice president of worldwide marketing and services.

Meyer brings more than 20 years of semiconductor experience to Chartered. He leads a global organization that drives the Company's strategy, as well as its product, corporate and regional marketing initiatives. Meyer will have responsibility for all EDA programs including alliances with design automation, IP and library companies as well as design service partnerships, and for formulating Chartered's total product solutions strategy. Meyer, who will be based at the Company headquarters in Singapore, reports directly to Bruno Guilmart, senior vice president of worldwide sales and marketing.

"Chartered is pleased to welcome Kevin back to the team. We believe his extensive knowledge of the semiconductor industry and his understanding of the needs and challenges customers face are considerable assets that will serve Chartered well in its drive to win more 'first source' business and capitalize on the progress it has made at the leading edge," said Guilmart. "His familiarity with Chartered, our customers and our industry means he will have an immediate impact on our marketing and strategic efforts."

Meyer returns to Chartered after almost two years as the vice president of marketing for MIPS Technologies, an intellectual property company specializing in microprocessors. In his previous tenure at Chartered from 1998 to 2001, Meyer was vice president of business development, and played an integral part in the Company's IPO. Meyer also draws on over 15 years of experience at Motorola, where he held a number of global executive positions including sales, marketing, operations and engineering.

"There is a new dynamic in the industry resulting from the considerable challenges facing system-on-chip (SOC) designers and Chartered has formed strategic alliances for key technologies resulting in superior value propositions for its customers. My new role affords me a personal and professional opportunity to have a significant impact on getting customers to market with winning solutions," Meyer said. "I am very excited to be back at Chartered facing this prospect."

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 markets. In Singapore, Chartered operates five fabrication facilities and has a sixth fab, which will be 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 3,500 employees are based at 11 locations around the world. Information about Chartered can be found at www.charteredsemi.com.

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