December 21, 2001 — SINGAPORE — Chartered Semiconductor Manufacturing is buying into Semiconductor Manufacturing International Corp.

Under the deal, Chartered will transfer its 0.18-micron baseline logic process technology to SMIC. In return, SMIC will give Chartered an undisclosed stake in the company and access to SMIC’s capacity.

“This non-exclusive alliance is part of Chartered’s long-term China strategy and marks another step into the world’s fastest developing semiconductor market, where we have been doing business for several years,” said Barry Waite, president and CEO of Chartered.

Chartered operates five semiconductor fab facilities in Singapore, with a sixth that is nearly completed. SMIC recently entered into pilot production, producing 8-inch wafers at 0.25-micron (and below) technology.