Chartered Semiconductor and Broadcom Extend Relationship With New Agreement.Business Editors/High-Tech Writers MILPITAS, Calif. & SINGAPORE--(BUSINESS WIRE)--Sept. 19, 2000 Agreement for Next-Generation Products Extends Relationship Between Fast Growing Fabless Company Fabless Company The Fabless Semiconductor Association (FSA) defines fabless as follows: Fabless (without fab) refers to the business methodology of outsourcing the manufacturing of silicon wafers, which hundreds of semiconductor companies have adopted. and Leading Communications Foundry 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) has announced a multi-year agreement with Broadcom Corporation (Nasdaq:BRCM BRCM Broadcom Corporation (stock abbreviation, AMEX) BRCM Master Chief Boilermaker (USN rating) ). Today's agreement is yet another milestone in the two companies' ongoing strategic relationship, which has existed since 1996. The pact calls for Chartered to supply certain of Broadcom's next three generations of system solutions for broadband communications markets, including semiconductor products for cable set-top boxes, cable modems, high-speed office networks, home networking, direct broadcast satellite and terrestrial digital broadcast, and digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and applications. This agreement also assures Broadcom access to the manufacturing capacity needed to meet increased demand by customers moving to advanced process technologies. "Our relationship with Chartered has been a cornerstone of our manufacturing strategy," said Vahid Manian, Broadcom's vice president of manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . "With this agreement and the recent location of our Asian mixed-signal design center in Singapore, this is a major step towards geographical diversity for our company." "In today's dynamic semiconductor market, the issue is not merely the availability of raw foundry capacity, but whether companies have the strategic long-term relationships with foundry providers that can deliver the capacity and process technology they need. This agreement shows that Broadcom clearly recognizes this emerging industry trend," said James Feldhan, president of Semico Research. Chartered president for the Americas, Mike Rekuc said, "This agreement demonstrates Broadcom's continued confidence and trust in Chartered as a strategic foundry partner. We appreciate this recognition and continue to build our reputation as a primary foundry source for leading fabless communications companies." 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 Limited in Singapore (SGX-ST:CHARTERED). The Company reported 1999 revenues of US$694.3 million. More than 3400 Chartered employees are based at 11 locations around the world. Information about Chartered Semiconductor Manufacturing can be found at www.charteredsemi.com Chartered Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the provisions of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 This news release contains forward-looking statements, as defined in the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements about the multi-year term of the agreement, the on-going strategic relationship with Broadcom, the appropriateness of Chartered's business strategy, the assurance of manufacturing capacity for advanced process technologies and the supply of certain of Broadcom's next three generations of system solutions, 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, changes in the market outlook, customer demand, and availability of materials, equipment and manpower could affect the above-mentioned forward-looking statements. Although Chartered believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be attained. A description of certain of the risks and uncertainties which could cause actual results to differ materially from those indicated in the forward-looking statements can be found in the section captioned "Risk Factors" in Chartered's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. Chartered undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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