Chartered CEO Waite Elected to FSA Board; Leading Foundry Provides Executive-level Commitment to Furthering Fabless Model.Business Editors MILPITAS, Calif. and SINGAPORE--(BUSINESS WIRE)--Jan. 8, 2001 Chartered Semiconductor Manufacturing Chartered Semiconductor Manufacturing SGX: C27 NASDAQ: CHRT (abbreviated CSM) is the world's fourth largest dedicated independent semiconductor foundry, with its headquarters and main operations located in the Woodlands Industrial Park, Kranji Singapore. (Nasdaq:CHRT CHRT Canadian Human Rights Tribunal CHRT Chert (lithological term) CHRT Consolidated Human Resource Technology ) (SGX-ST:Chartered), one of the world's top three silicon foundries, today announced that company president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Barry Waite has been elected to the board of directors of the Fabless Semiconductor Association (FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) ), the industry association focused on furthering the cause of the fabless semiconductor model. Waite, a 30-year veteran of the semiconductor industry, was elected in a special FSA election that saw the board expand from nine to 17 members. Waite joins a select set of executives representing the many facets of the fabless industry, including fabless companies, traditional semiconductor suppliers, and silicon foundries. The FSA board, which sets the organization's general direction, decides matters of overall policy and reviews FSA activities. "I am grateful for the confidence my industry peers demonstrated by electing me to this post. Chartered has a long history of support and participation with the FSA, through standards initiatives and other market development activities, and I'm delighted to play an even more active role in the FSA," said Waite. "I believe Chartered's unique perspectives will enrich the FSA's strategies and goals, particularly as the benefits of the fabless model expand into non-traditional companies and market segments." "The FSA is extremely pleased with the level of commitment Chartered has demonstrated by having Barry serve as a board representative. His years of experience, combined with Chartered's track record of success, will contribute to defining the FSA's direction in coming years. We are particularly excited to gain valuable insights from the foundry suppliers who are so critical to the success of the fabless business model," said Jodi Shelton, executive director, FSA. Chartered had previously served on the FSA advisory board and currently participates in FSA technical committees. The Company has also worked closely with the FSA on new standards efforts, including the RosettaNet supply chain initiative. About the FSA The Fabless Semiconductor Association (FSA) was incorporated in July 1994 by industry leaders wishing to achieve a more optimal balance between wafer demand and capacity for fabless companies. The FSA has over 240 corporate members representing fabless companies, foundry providers, packaging and assembly houses, investment bankers, providers of intellectual property (IP) and a variety of other suppliers and partners. The mission of the organization is to support the fabless model by encouraging the ongoing, symbiotic relationship symbiotic relationship (sim´bīot´ik), n in implantology, that relationship assumed by an implant and the natural teeth to which it has been splinted. between fabless semiconductor companies A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. and suppliers; facilitate productive business partnerships; create awareness and promote the acceptance of the fabless business model; disseminate relevant data; and nurture the creation, adoption and implementation of standards and policies vital to the fabless model. To learn more about the FSA, please visit www.fsa.org. About Chartered Chartered Semiconductor Manufacturing is one of the world's top three silicon foundries. The Company's business model is distinguished by its strategy to build trusted long-term relationships, where manufacturing is part of a larger customer-service focus that includes joint development and implementation of new process technologies supporting novel applications within the broad communications market. Chartered operates five semiconductor fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. facilities at its Singapore headquarters, with a sixth fab under construction. A company with both global presence and perspective, Chartered is traded on both the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. (NASDAQ:CHRT) and on the Singapore Exchange “SGX” redirects here. For other uses, see SGX (disambiguation). Singapore Exchange Limited SGX: S68 (SGX) is the stock exchange in Singapore. SGX was formed on December 1 1999, following the merger of two established and well-respected financial Securities Trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the Limited in Singapore (SGX-ST:CHARTERED). The Company reported 1999 revenues of US$694.3 million. More than 3,400 Chartered employees are based at 11 locations around the world. Information about Chartered Semiconductor Manufacturing can be found at www.charteredsemi.com |
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