SOURCE: STATS ChipPAC

March 17, 2008 16:00 ET

STATS ChipPAC Receives Intel's Preferred Quality Supplier Award

UNITED STATES--(Marketwire - March 17, 2008) - SINGAPORE -- 3/18/2008 -- STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company") (SGX-ST: STATSChP) was named a recipient of Intel Corporation's 2007 Preferred Quality Supplier (PQS) award for outstanding performance in providing products and services deemed essential to Intel's success. The Company is awarded for its efforts supplying Intel with full turnkey packaging and test services. STATS ChipPAC and 34 additional PQS award winners will be honored at a celebration in Burlingame, California on March 18.

"We are honored to be recognized as a Preferred Quality Supplier again this year. All across our company we have remained committed to Intel's Quality Operating System Plus (QOS+) and this has had a positive impact on our ability to achieve a higher level of performance in quality, delivery, reliability and overall competitiveness. With our continuous improvement initiatives and increased performance levels across all our factories worldwide, we have been able to successfully provide Intel with full turnkey packaging and test services," said Tan Lay Koon, President and Chief Executive Officer, STATS ChipPAC.

"We applaud STATS ChipPAC for their steadfast dedication to Intel's QOS+ quality program for the past three years and are pleased to recognize their outstanding contributions," said Craig Brown, Vice President, Intel Technology and Manufacturing Group and Director of Materials. "STATS ChipPAC is a valued supplier of full turnkey packaging and test services. They have clearly demonstrated a strong commitment to deliver excellent quality and customer service."

The PQS awards are part of Intel's Supplier Continuous Quality Improvement (SCQI) process that encourages suppliers to strive for excellence and continuous improvement. To qualify for PQS status, suppliers must score 80 percent on a report card that assesses performance and ability to meet cost, quality, availability, delivery, technology and responsiveness goals. Suppliers must also manage and deliver on a challenging improvement plan and a quality systems assessment. Additional information about the SCQI program is available at: http://supplier.intel.com/quality/.

Intel will also recognize PQS award winners with an advertisement in the U.S., Europe and Asia editions of The Wall Street Journal on March 18, 2008.

About STATS ChipPAC Ltd.

STATS ChipPAC Ltd. is a leading service provider of semiconductor packaging design, assembly, test and distribution solutions in diverse end market applications including communications, digital consumer and computing. With global headquarters in Singapore, STATS ChipPAC has design, research and development, manufacturing or customer support offices in 10 different countries. STATS ChipPAC is listed on the Singapore Exchange Securities Trading Limited (SGX-ST). Further information is available at www.statschippac.com. Information contained in this website does not constitute a part of this release.

Certain statements in this release, including continuous improvement initiatives, are forward-looking statements that involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this release. Factors that could cause actual results to differ from our expectations include, but are not limited to, general business and economic conditions and the state of the semiconductor industry; level of competition; demand for end-use applications products such as communications equipment and personal computers; decisions by customers to discontinue outsourcing of test and packaging services; reliance on a small group of principal customers; continued success in technological innovations; availability of financing; pricing pressures including declines in average selling prices; the ability to meet the applicable requirements for the termination of registration under the U.S. Securities Exchange Act of 1934, as amended; ability to meet specific conditions imposed for the continued listing or delisting of the Company's securities on the SGX-ST; our substantial level of indebtedness; potential impairment charges; adverse tax and other financial consequences if the South Korean taxing authorities do not agree with our interpretation of the applicable tax laws; ability to develop and protect our intellectual property; rescheduling or canceling of customer orders; changes in products mix; intellectual property rights disputes and litigation; capacity utilization; delays in acquiring or installing new equipment; limitations imposed by our financing arrangements which may limit our ability to maintain and grow our business; changes in customer order patterns; shortages in supply of key components; disruption of our operations; loss of key management or other personnel; defects or malfunctions in our testing equipment or packages; changes in environmental laws and regulations; exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; significant ownership by Temasek Holdings that may result in conflicting interests with Temasek Holdings and our affiliates; unsuccessful acquisitions and investments in other companies and businesses; our ability to continue to successfully integrate the operations of the former separate STATS and ChipPAC companies and their employees; labor union problems in South Korea; uncertainties of conducting business in China; natural calamities and disasters, including outbreaks of epidemics and communicable diseases; and other risks described from time to time in the Company's SEC filings, including its annual report on Form 20-F dated March 7, 2008. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Intel is a trademark or registered trademark of Intel Corporation or its subsidiaries in the United States and other countries.

* Other names and brands may be claimed as the property of others.

Contact Information

  • Investor Relations Contact:
    Tham Kah Locke
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    Tel: (65) 6824 7788
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    email: Email Contact

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