Chartered Brings Technology Forums to China; Shanghai and Beijing Events to Focus on Flexible Business Model and Cost-effective Product Solutions for the China Market.

Business Editors/High-Tech Writers

MILPITAS, Calif.--(BUSINESS WIRE)--Feb. 6, 2002

Chartered Semiconductor Manufacturing (Nasdaq:CHRT)(SGX-ST:Chartered), one of the world's top silicon foundries, today announced that it is hosting Technology Forums on March 28th in Shanghai and March 29th in Beijing. The Tech Forums, part of Chartered's worldwide technology forum series, will focus on the needs of the emerging community of semiconductor and system companies in China for flexible access to state-of-the-art chip manufacturing services and technologies.

The program agenda features presentations by Chartered's senior executives and technical experts, led by Bruno Guilmart, president for Asia-Pacific and Japan, and Dr. Shi-Chung "SC" Sun, senior vice president for technology development. Topics include an overview of the strategy behind Chartered's total product solutions approach, in-depth discussions on cost-effective implementation of leading-edge manufacturing processes, and the company's perspective on the impact that the future business and technology directions of the foundry industry will have on the growing semiconductor market in China.

Registration is free. To register now for the Shanghai and Beijing forums, please visit www.charteredsemi.com/forum.htm for complete information.

"We're very excited about bringing our successful Technology Forum series to China, which is an emerging region for Chartered and the electronics industry at large," said Chartered's Guilmart. "While we have actively expanded our relationships with China's leading semiconductor companies over the last few years, next month's Tech Forums provide a productive venue for engaging with these established companies to better understand and address their unique requirements. It also offers China's newcomers an opportunity to learn more about Chartered directly from our management team and technology experts."

Dr. Sun said, "Chartered's broad range of mainstream logic, RF CMOS and mixed-signal offerings, as well as specialized BiCMOS and EEPROM processes, provides a strong foundation for servicing this region. Most importantly, it provides a proven transition path that will help companies migrate from mature technologies to the more advanced 0.13-micron and 0.10-micron platforms.

"Our goal is to open up further the channels for ongoing collaboration with the expanding semiconductor industry in China through events like the Shanghai and Beijing Tech Forums. We believe the result will be a product roadmap that incubates growth in China and supports the long-term success of Chartered customers across the global marketplace," added Dr. Sun.

About Chartered

Chartered Semiconductor Manufacturing, one of the world's top three silicon 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 applications. In Singapore, Chartered operates five fabrication facilities and has a sixth fab in the process of being 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 4,000 employees are based at 12 locations around the world. Information about Chartered can be found at www.charteredsemi.com.

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 the timing of the technology forum, our product roadmap and the appropriateness of our business model and strategy, 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: the difficulties, interruptions or unforseen delays in the implementation of our tech forum, the introduction of new competing technologies, or changes in market outlook and customer demand, specifically in the foundry services and communications segments. A description of the 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.