ADVISORY/Chartered Semiconductor Manufacturing Media Alert.

Business Editors/Assignment Desks/High-Tech Writers

ADVISORY...for Thursday (March 25)

--(BUSINESS WIRE)

What:  Chartered Begins Move In of Equipment for 300mm Facility;
       Fab 7 expected to come on line by end of 2004

Where: Chartered Semiconductor Manufacturing headquarters, Singapore

       60 Woodlands Industrial Park D, Street 2
       Singapore 738406

When:  9:30 AM (Singapore) March 26, 2004

Chartered Semiconductor Manufacturing is celebrating the initial move in of equipment to its Fab 7, the Company's state-of-the-art 300-millimeter (mm) wafer manufacturing facility located on its Singapore Woodlands campus.

Engineering wafer starts in Fab 7 are scheduled to begin in late third quarter of 2004, and pilot production is expected to commence by the end of 2004. Fab 7 is designed for "equipment smart" compatibility with IBM's East Fishkill 300mm fab based on the joint-technology development and reciprocal manufacturing agreements between the two companies.

Chartered is acknowledging the Fab 7 milestone with representatives from its key customers, partners and equipment suppliers. The move-in ceremony will feature remarks by special guest speakers, including:

-- Chia Song Hwee, president and CEO of Chartered

-- Teo Ming Kian, Chairman, Singapore Economic Development Board

-- Dr. Bernard Meyerson, chief technologist and vice president,

IBM Systems and Technology Group

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 3,300 employees are based at 11 locations around the world. Information about Chartered can be found at www.charteredsemi.com.

Chartered Safe Harbour 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 milestones for Fab 7 and it's "equipment smart" compatibility with IBM's East Fishkill 300mm fab reflect our current views with respect to future events, 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: successful implementation of our joint development and manufacturing efforts with IBM; changes in market outlook and trends; the rate of semiconductor market recovery; the successful implementation of our partnership, technology and supply alliances; 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 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.