Chartered Opens Office in Nordic Region; Leading Foundry Strengthens Customer Support to Europe.Business Editors/High-Tech Writers STOCKHOLM, Sweden--(BUSINESS WIRE)--Nov. 7, 2001 Chartered Semiconductor Europe, a subsidiary of 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), today announced the opening of an office in Stockholm, Sweden, to cover the Nordic market area. Chartered, one of the world's top three silicon foundries See foundry. , becomes the first dedicated foundry A semiconductor manufacturer that makes chips for third parties. It may be a large chip maker that sells its excess manufacturing capacity or one that makes chips exclusively for other companies. to establish a physical presence in the Nordic region. The Stockholm location ensures Chartered is strategically positioned within one of the major technology hubs in Europe. Chartered will use its local presence to better serve current and future customers and technology partners in the Nordic countries through closer working relationships and local resources that can be rapidly mobilized to support customers' requirement for advanced manufacturing solutions and services. Chartered has named semiconductor industry veteran Stefan Ahlquist as director, Northern Europe to head the UK, Benelux and Nordic area. Ahlquist has more than 17 years of experience in the European semiconductor industry. Prior to joining Chartered, Ahlquist worked as European sales director within Motorola's Semiconductor Product Sector based in Toulouse, France. "As part of Chartered's forward-looking strategy, we are making a long-term investment in Europe, given its high concentration of IDMs and systems companies serving the global communications market," said Allan Hughes, president of Chartered Europe. "Chartered's presence in the Nordic countries will enable us to provide dedicated support to our customers here and better forge deeper, stronger collaborative relationships with some of the world's leading technology drivers." Chartered differentiates itself through its flexible, customer-centered approach that delivers advanced solutions to companies dealing with the stringent silicon density, performance and reliability requirements of diverse applications such as communications, PC and consumer products. Chartered's office for the Nordic region is located at Lansmanstigen 1, 182 36 Danderyd, Sweden (Phone: + 46 8 622 500; Fax: + 46 8 622 6002). 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 in Singapore 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 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 2000 revenues of over US$1.1 billion. More than 4,300 Chartered employees are based at 12 locations around the world. Information about Chartered Semiconductor Manufacturing can be found at www.charteredsemi.com. Chartered Semiconductor Europe Ltd. has been incorporated as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Chartered Semiconductor Manufacturing since March 2001. Based in London, Chartered Semiconductor Europe also has regional offices in Paris; Munich and Stockholm. |
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