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CHARTERED RECEIVES 2003 STRATEGIC SUPPLIER AWARD
FROM AGERE SYSTEMS

MILPITAS, Calif. - December 11, 2003 - Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: Chartered), one of the world's top three dedicated semiconductor foundries, has been honored as a "2003 Strategic Supplier" by Agere Systems (NYSE: AGR.A, AGR.B). The award was presented to those suppliers that have the most strategic product, material, equipment or services to support Agere's long-term objectives as a company.

As a strategic foundry supplier, Chartered supplied digital and analog products at multiple technology nodes for Agere's SOC chipsets in 2003, which helped Agere effectively serve its mobile phone customers.

"Chartered and Agere Systems have enjoyed a long, multi-faceted relationship - one that extends well beyond our joint venture fab in Singapore. We believe the value Chartered brings companies like Agere Systems is our demonstrated ability to provide flexible services and solutions to meet our customers' needs. This award is a great honor for Chartered, and another validation of our commitment to providing customers with the service and support to win in today's market," said Dr. Arthur Kuo, president of the Americas Region for Chartered.

Thomas Linton, Agere Systems Chief Procurement Officer, said: "Chartered provided Agere with flexible and reliable manufacturing solutions this year that truly differentiated it from other companies in this category. The Strategic Supplier Awards are our way of publicly recognizing Chartered in an elite group of companies that contribute to Agere's efforts to offer our customers the best total experience."

About Chartered

Chartered Semiconductor Manufacturing, one of the world's top three dedicated semiconductor 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.

Agere, Agere Systems and the Agere logo are trademarks or registered trademarks of Agere Systems, Inc. in the United States and other countries.

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