ASAT Inc. Named ``Supplier of the Year'' by Altera Corp.

Business Editors and High-Tech Writers

FREMONT, Calif.--(BUSINESS WIRE)--Feb. 8, 2001

Altera Corporation, a leading supplier of programmable logic devices (PLDs), has awarded ASAT Inc. its Supplier Excellence Award in recognition of consistently superior service performance and overall "Ease of Doing Business With" for calendar year 2000.

It was the second consecutive year that Altera has given the award to ASAT, a leading outsource supplier of advanced integrated circuit package designs, assembly and test services for the semiconductor industry.

Tom Murchie, Vice President of Operations at Altera, said the award made to ASAT for its "commitment to service, proactive support throughout the year, and ease of doing business. We are very pleased with our partnership with ASAT and with the friendships that have developed between the two companies."

Commenting on the Award from ASAT Inc., Darrell Baker, Vice President of Sales, said: "Our success with Altera not only stems from our commitment to service excellence, but also -- and more importantly -- from the dedication of ASAT employees to ensure success."

"ASAT has established itself as the benchmark for service that the rest of the Assembly and Test Service industry strives to meet," said Jim Healy, President of ASAT Inc. "Altera is known the world over as a pioneer and innovative leader in the highly competitive and rapidly changing PLD market. Receiving this award is a singular honor for the men and women of ASAT and a tribute to the quality of our relationship."

Altera Corporation, The Programmable Solutions Company(R), was founded in 1983 and is a leading supplier of programmable logic devices (PLDs). Altera's CMOS-based PLDs are user-programmable semiconductor chips that enhance flexibility and reduce time-to-market for companies in the communications, computer peripheral, and industrial markets. By using high performance devices, software development tools, and sophisticated intellectual property cores, system-on-a-programmable-chip (SOPC) solutions can be created with embedded processors, memory, and other complex logic together on a single PLD. Altera common stock is traded on The Nasdaq Stock Market under the symbol ALTR. More information on Altera is available on the Internet at http://www.altera.com.

ASAT Holdings Limited (NASDAQ: ASTT) is a leader in advanced integrated circuit package designs and has provided outsourced assembly and test services for the semiconductor industry for over 10 years. The company assembles a broad selection of advanced leaded and ball grid array packages utilizing advanced technology characterized by higher electrical and thermal performance. The company also has multi-chip module and flip-chip assembly lines, and offers testing for complex broadband mixed-signal and system-on-a-chip devices used in communications. ASAT has facilities and offices in Asia, Europe, and across the U.S., with its major manufacturing sites in Hong Kong. ASAT, Inc. is the exclusive distributor of ASAT Limited's services in the United States. ASAT, Inc. is located at 46335 Landing Parkway, Fremont, CA 94538, phone [phone], Fax [phone]. Website: www.asat.com.