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CHARTERED HONORS TOP SUPPLIERS

Supplier Day 2004 Emphasizes Deeper Levels of Value-Chain Collaboration for Nano Age

SINGAPORE - February 23, 2004 - Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: Chartered), one of the world's top three dedicated semiconductor foundries, has honored several semiconductor manufacturing materials, equipment and services suppliers for their outstanding contributions in 2003. The awards ceremony was held recently during Chartered's Supplier Day, an annual event honoring the achievements of its global network of value-chain suppliers and partners.

"Over the past year, Chartered has been making good progress positioning the Company toward long-term growth and profitability, and our suppliers have been part of that. During this year's event, we are taking the opportunity to recognize suppliers and value-chain partners who have provided outstanding support in the execution of our strategies and meeting our customer commitments," said Kay Chai "KC" Ang, senior vice president of fab operations at Chartered. "As Chartered expands its leading-edge capacities and embarks into the Nano Age starting with 90-nanometer implementation, we expect to engage with our key suppliers at deeper levels than ever before, and collaboratively support faster production ramp as well as enable robust platforms for delivering winning, next-generation product solutions to customers."

Chartered presented Gold and Silver awards to outstanding materials, equipment and services suppliers based on several evaluation criteria including quality, service, innovation, delivery and cost. The award winners are as follows:

Materials Category:

Gold Materials Supplier Award
Silver Materials Supplier Award
Silver Materials Supplier Award



Komatsu Electronic Metals Co. Ltd.
Hoya Corporation
Mallinckrodt Baker Inc.


Equipment (150mm manufacturing) Category:

Gold Supplier Award
Silver Supplier Award



Tokyo Electron Limited
Applied Materials South East Asia Pte Ltd.


Equipment (200mm manufacturing) Category:

Gold Supplier Award
Silver Supplier Award



Ebara Corporation
Tokyo Electron Limited


Services Category:

Gold Services Supplier Award
Silver Services Supplier Award



PeopleSoft Asia Pte Ltd.
Mentor Graphics Asia Pte Ltd.


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.

Chartered Safe Harbor Statement under the provisions of the United States Private Securities Litigation Reform Act of 1995

This new release may contain forward-looking statements, as defined in the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Chartered's current views with respect to future events and are subject to certain risks and uncertainties, which could cause actual results to differ materially from those anticipated. Among the factors that could cause actual results to differ materially are: changes in market outlook and trends; the rate of semiconductor market recovery; economic conditions the United States as well as globally; customer demands; the performance level in our fabrication facilities and competition. 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, a description of certain other risks and uncertainties which could cause actual results to differ materially from those indicated in the forward-looking statements can be found in the section captioned "Risk Factors" in our Annual Report on Form 20-F and our First Quarter 2003 Quarterly Report on Form 6-K filed with the 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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