Cadence and Chartered Team to Deliver Solutions for 90-nanometer IC Design

Companies jointly validate Cadence Assura DRC/LVS/RCX and Fire &
Ice QXC technology files to enable SoC design and manufacturing

"The push toward 90nm has uncovered significant design challenges. Our collaboration with Cadence will ensure that our customers have access to world-class solutions to tackle these issues," said Kevin Meyer, vice president of worldwide marketing and services at Chartered. "With the combination of our 90nm process technology and leading custom and digital IC design tools from Cadence, we are solving the key issues associated with physical verification and signal integrity that designers are facing today."

"Our on-going collaboration with Chartered highlights our commitment to support our customers on the latest process technologies from leading-edge foundries," said Charlie Huang, corporate vice president of business development, Cadence. "Cadence is working closely with Chartered to address customers' nanometer design needs with industry-leading physical verification, parasitic extraction and signal integrity solutions for achieving design closure. This will reduce customers' design risk, enabling a faster ramp from design to volume production."

Nanometer Solution for Parasitic Extraction

Fire & Ice QXC is one of the most accurate cell-based extractors for nanometer-scale digital IC designs. It enables Chartered customers to have accurate extraction correlation to real silicon timing results. Fire & Ice QXC incorporates new-generation 3-D models that correctly account for all copper and optical effects, enabling designers to reduce timing margins, as well as improve the performance and yield of their designs. Integrated seamlessly with the Cadence Encounter(TM) digital IC design platform, Fire & Ice QXC enables silicon-accurate timing closure, signal integrity analysis and power verification (using SignalStorm(TM) and CeltIC(TM) signal integrity and VoltageStorm(R) power grid verification) of nanometer designs within a single platform.

Integrated Physical Verification & Parasitic Extraction Solution

Assura DRC/LVS/RCX is a leading physical verification and parasitic extraction solution for custom ICs. It helps drive a device-level integrated solution to the 90nm node for Chartered customers. The Assura solution supports the verification and parasitic extraction of leading-edge processes that utilize copper technology and is capable of handling advanced analog and mixed-signal designs down to the nanometer range. In addition to extracting parasitic resistance and capacitance, Assura RCX can also perform self and mutual (coupling) inductance extraction, which can be critical for optimizing high-frequency analog, mixed-signal and RF designs. Assura physical verification is part of the Cadence Virtuoso(R) custom design platform and provides seamless physical verification, parasitic extraction, simulation and analysis of custom ICs within a single environment.

Availability

The Fire & Ice QXC technology files for Chartered's 90nm process are available now from Chartered. The Assura DRC/LVS/RCX rule decks for 90nm will be available in Q4 2003.

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.

About Cadence

Cadence is the largest supplier of electronic design technologies, methodology services, and design services. Cadence solutions are used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronics-based products. With approximately 5,000 employees and 2002 revenues of approximately $1.3 billion, Cadence has sales offices, design centers, and research facilities around the world. The company is headquartered in San Jose, Calif., and traded on the New York Stock Exchange under the symbol CDN. More information about the company, its products and services is available at www.cadence.com.

Chartered Safe Harbor 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 harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially. Among the factors that could cause actual results to differ materially are: the difficulties, interruptions or unforeseen delays in the implementation of our collaborative efforts with Cadence; changes in market outlook and trends; customer demands; rate of semiconductor market recovery; economic conditions in the United States as well as globally; the performance level of and technology mix in our fabrication facilities and competition. 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 and our First Quarter 2003 Quarterly Report on Form 6-K 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.

Cadence, the Cadence logo, Virtuoso, VoltageStorm, Fire & Ice QXC are registered trademarks of Cadence Design Systems, Inc. and Assura, SignalStorm, CeltIC and Encounter are trademarks of Cadence. NanoAccess is a trademark of Chartered Semiconductor Manufacturing. All other trademarks are the property of their respective owners.

CONTACT: Chartered (Singapore)        
             Maggie Tan, +65-360-4705                 
             tanmaggie@charteredsemi.com  
             or
             Wired Island, Ltd. (for Chartered)                     
             Laurie Stanley, +1-510-656-0999                   
             laurie@wiredislandpr.com          
             or
             Cadence Design Systems    
             Judy Erkanat, 408-894-2302              
             jerkanat@cadence.com      
             or
             The Hoffman Agency (for Cadence Design Systems)  
             Karin Gilles, 408-975-3038           
             kgilles@hoffman.com