Broadband Technology Leader 2Wire Names Chartered its 2008 'golden Gateway' Supplier of the Year

SINGAPORE - April 7, 2009 - Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: Chartered), one of the world's top dedicated semiconductor foundries, has been named the 2008 Golden Gateway Supplier of the Year by 2Wire, Inc., a leading developer of broadband communications products. Chartered received the highest score in 2Wire's supplier rating process, which measures success against key metrics and overall support provided by 50 of its key suppliers.

"Chartered has been a valuable supplier to 2Wire for more than four years, and in 2008, it was instrumental in helping us develop several key products for the residential gateway market. The detailed level of attention and management paid to our projects, combined with well-defined processes for improving the overall production cycle, has been an important part of our success," said Martin Lynch, executive vice president of operations at 2Wire. "It is a great pleasure to recognize Chartered as our Golden Gateway 2008 Supplier of the Year."

The rigorous review process analyzed each supplier's performance in factory management, engineering support and materials management. Chartered scored highly in each area, and was cited for its efforts to continuously improve critical processes, including failure rate, production times and cost controls. The two companies conduct weekly conference calls to help manage each step in the manufacture of wafers for the complex chips used in 2Wire's products. The net result was that Chartered delivered turn-key, tested, packaged die units based on its 0.13-micron process node to 2Wire's contract manufacturer on schedule and on budget. The chips are used in all current 2Wire DSL gateway products.

"The 2Wire-Chartered relationship demonstrates the strength of tight collaboration and on-going communications throughout the development cycle. 2Wire has invested the time and resources with us to help make continuous improvement happen, and together we've seen that translate into some very real bottom line benefits for them," said Mike Rekuc, president of the Americas Region at Chartered. "We are honored by this recognition and to be singled out among all the well-respected suppliers 2Wire depends on. We look forward to continuing this very successful relationship."

About 2Wire

Engineered for the carrier and optimized for the subscriber, 2Wire broadband solutions provide simple, powerful user experiences. 2Wire products and services include residential gateways, multi-service media platforms, remote management systems, value-added services, and customer support. 2Wire customers are leading broadband providers throughout the U.S., Canada, Latin America, Europe, Australia, and Asia, including AT&T, Telmex, BT, EMBARQ, Bell Canada, SingTel, Telstra and others. For more information, visit www.2Wire.com.

About Chartered

Chartered Semiconductor Manufacturing Ltd. (Nasdaq: CHRT, SGX-ST: CHARTERED), one of the world's top dedicated semiconductor foundries, offers leading-edge technologies down to 40/45 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 22nm. 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 owns or has an interest in six fabrication facilities, including a 300mm fabrication facility and five 200mm fabrication 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, statements relating to a continuing successful relationship with 2Wire, reflect our 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. Among the factors that could cause actual results to differ materially are decreased consumer confidence, credit crisis, financial market turmoil and the deteriorating macro economic conditions in the United States as well as globally; changes in the demands from our customers; demand and supply outlook in the semiconductor market; competition from existing foundries and new foundry companies resulting in pricing pressures; excess inventory, life cycle, market outlook and trends for specific products; products mix; unforeseen delays, interruptions, performance level of 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 and the other joint development partners); 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. 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 2008 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.