Chartered Achieves Quality Excellence with IS0 9001:2000 Certification.

Business Editors/High-Tech Writers

MILPITAS, Calif.--(BUSINESS WIRE)--June 9, 2003

Leading Foundry Demonstrates Excellent Quality Standards across

Fabrication Facilities Located at Singapore's Woodlands Campus

Chartered Semiconductor Manufacturing (Nasdaq:CHRT) (SGX-ST:Chartered), one of the world's top three dedicated semiconductor foundries, today announced it has achieved the ISO 9001:2000 quality management systems standards certification for all its fabrication facilities -- Fab 2, Fab 3, Silicon Manufacturing Partners (Fab 5 or SMP) and Chartered Silicon Partners (CSP or Fab 6) -- currently in operation on its main Woodlands campus in Singapore. Chartered received the international standard for quality excellence certification from PSB Certification Pte. Limited (PSB Cert), Singapore's market leader of management system certification accredited by the globally recognized Dutch Council for Accreditation, for demonstrating its commitment to quality and a strong foundation to drive ongoing continuous improvement programs in business practices and management systems.

Building on previous quality certifications to ISO 9002:1994 and QS 9000 standards, Chartered successfully upgraded to the more stringent ISO 9001:2000 certification. While ISO 9002:1994 focused on certification of individual business areas, ISO 9001:2000 requires companies to demonstrate quality systems that drive toward integrated business process management, as evidenced by leadership to achieve business objectives, management commitment and a strong customer focus. In achieving this latest version of ISO 9000 certification, Chartered also expanded its scope of quality management systems to include strict quality metrics for the technology development process.

"Chartered is committed to building and demonstrating to our customers, partners and suppliers a sustainable model for quality excellence that spans the Company's supply chain," said Dr. Ron Dickinson, vice president of quality and reliability assurance. "The achievement of ISO 9001:2000 certification is important for reinforcing our customers' confidence in Chartered as a center of manufacturing excellence for advanced system-on-chip products. In addition, the certification supports our belief that Chartered has in place both quality monitoring and improvement initiatives for enhancing customer satisfaction and the delivery of robust market-leading solutions to foundry customers."

"From extensive audits of Chartered's quality management systems across all business functions, it is clear that Chartered has made significant progress on its quality roadmap to reach for higher standards of excellence," said Doris Ng, lead assessor of PSB Cert. "We were impressed with Chartered's 'customer-first' emphasis, strict enforcement of control and benchmarking in business practices as well as the wide deployment of quality management systems across all business functions. Additionally, an extremely high level of conformance and commitment to quality excellence were observed for activities critical to customers' product success, including contract management, customer service procedures, statistical process controls, preventive maintenance, inspection and testing, and facilities management."

Other Industry Certifications

Previously, Chartered's manufacturing facilities achieved quality certification to the ISO 9002:1994 standards and QS 9000 standards in 1993 and 2000, respectively.

In support of Chartered's environmental sustainability goal to adopt best-in-class, industry standards to reduce and eliminate the Company's impact on the environment and natural resources, Chartered achieved certification to the ISO 14001 environmental management systems standards and Singapore's ODS-Free Process Verification Scheme environmental standards in 1998.

Additionally, Chartered's Fab 5 achieved certification to the international OSHA 18001 safety management systems standards in 2000. All fabrication facilities also received certification to the Singapore Semiconductor Safety Management standards in 2002.

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 Harbour Statement under the provisions of the United States Private Securities Litigation Reform Act of 1995

This news release may contain forward-looking statements, as defined in the safe harbour provisions of the U.S. 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 historical results or those anticipated. For example: the performance level in our fabrication facilities and continued success in the implementation of existing management systems. 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.