Chartered Reiterates Guidance for Second Quarter

MILPITAS, Calif.—(BUSINESS WIRE)—June 7, 2007— Today, in its scheduled mid-quarter update, Chartered Semiconductor Manufacturing (Nasdaq: CHRT) (SGX-ST:CHARTERED) reaffirmed its second quarter 2007 guidance, which was originally provided on April 27, 2007.

"The quarter is essentially progressing in line with what we had anticipated earlier, and therefore we are reiterating the guidance we originally provided in April," said George Thomas, senior vice president & CFO of Chartered.

Chartered plans to release second quarter 2007 results on Friday, July 27, 2007, Singapore time, before the Singapore market opens. Chartered's original guidance for second quarter 2007 was published in the Company's first quarter 2007 earnings release dated April 27, 2007, which can be found on Chartered's Web site at www.charteredsemi.com, under Investor Relations, Earnings Releases section.

About Chartered

Chartered Semiconductor Manufacturing (Nasdaq: CHRT) (SGX-ST:CHARTERED), one of the world's top dedicated semiconductor foundries, offers leading-edge technologies down to 65 nanometer (nm), enabling today's system-on-chip designs. The company further serves its customers' needs through a collaborative, joint development approach on a technology roadmap that extends to 32nm. Chartered's strategy is based on open and comprehensive design enablement solutions, manufacturing enhancement strategies, and a commitment to flexible sourcing. In Singapore, the company operates a 300mm fabrication facility and four 200mm facilities. Information about Chartered can be found at www.charteredsemi.com.

Safe Harbor Statement under the provisions of the United States Private Securities Litigation Reform Act of 1995

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, statement relating to our expectation of our second quarter 2007 performance progressing in line with the guidance originally provided on April 27, 2007 reflect our current views with respect to future events and financial performance 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 changes in the demands from our major customers, excess inventory, life cycle, market outlook and trends or specific products; competition from other foundries; unforeseen delays, interruptions, performance level and technology mix in our fabrication facilities; our progress on leading-edge products; changes in capacity plans, allocation and process technology mix, unavailability of materials, equipment, manpower and expertise; access to or delays in technological advances or our development of process technologies; the successful implementation of our partnership, technology and supply alliances (including our joint development agreements with IBM, Infineon, Samsung and Freescale); the growth rate of fabless companies, the outsourcing strategy of integrated device manufacturers ("IDM") and our expectation that IDMs will utilize foundry capacity more extensively; demand and supply outlook in the semiconductor market and the economic conditions in the United States as well as globally. 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 cause actual results to differ materially can be found in "Item 3. Key Information -- D. Risk Factors" in our 2006 annual report on Form 20-F filed with the US SEC. You are cautioned not to place undue reliance on these forward-looking statements, which reflect management's current analysis of 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.

Contact:

Chartered Semiconductor Manufacturing
Suresh Kumar, 1-408-941-1110 (Investors)
Email Contact
Lim Li Chuen, (65) 6360.4060 (Investors)
Email Contact
or
Chartered U.S.:
Tiffany Sparks, 1-408-941-1185 (Media)
Email Contact
or
Chartered Singapore:
Sophia Wee, (65) 6360.4705 (Media)
Email Contact




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