STATS ChipPAC Receives Intel's Preferred Quality Supplier Award

UNITED STATES -- (MARKET WIRE) -- March 27, 2007 -- SINGAPORE -- 3/28/2007 -- STATS ChipPAC Ltd. was named a recipient of Intel Corporation's Preferred Quality Supplier (PQS) award for outstanding performance in providing products and services deemed essential to Intel's success. The company was recognized for its efforts supplying Intel with full turnkey packaging and test services. STATS ChipPAC and 43 additional PQS award winners will be honored at a celebration in Burlingame, California on March 27.

"We are proud to be recognized as a Preferred Quality Supplier. We embraced Intel's Quality Operating System Plus (QOS+), not just as a quality program, but as the foundation of our mindset, the spirit and principles which guide and drive continuous improvement in our Company. Our dedication and commitment to QOS+ has resulted in increased performance levels across all our factories worldwide and positioned STATS ChipPAC to deliver the best quality and services to our customers," said Tan Lay Koon, President and CEO, STATS ChipPAC Ltd.

"We applaud STATS ChipPAC for their outstanding performance in 2006 and are pleased to recognize them for their significant contributions through Intel's PQS award," said Craig Brown, Vice President, Technology and Manufacturing Group, Director of Materials, Intel Corporation. "STATS ChipPAC's strong commitment to focus on cost, quality, continuous improvement and consistent performance were key factors in helping them win this award."

The PQS award is part of Intel's Supplier Continuous 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 on March 27, 2007 with an advertisement in the U.S., Europe, and Asian editions of The Wall Street Journal.

About STATS ChipPAC Ltd.

STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company") (NASDAQ: STTS) (SGX-ST: STATSChP) is a leading service provider of semiconductor packaging design, assembly, test and distribution solutions. A trusted partner and supplier to leading semiconductor companies worldwide, STATS ChipPAC provides fully integrated, multi-site, end-to-end packaging and testing solutions that bring products to the market faster. Our customers are some of the largest wafer foundries, integrated device manufacturers (IDMs) and fabless companies in the United States, Europe and Asia. STATS ChipPAC is a leader in mixed signal testing and advanced packaging technology for semiconductors used in diverse end market applications including communications, power, digital consumer and computing. With advanced process technology capabilities and a global manufacturing presence spanning Singapore, South Korea, China, Malaysia and Taiwan, STATS ChipPAC has a reputation for providing dependable, high quality test and packaging solutions. The Company's customer support offices are centered in the United States (California's Silicon Valley, Arizona, Texas, Massachusetts, Colorado and North Carolina). Our offices outside the United States are located in South Korea, Singapore, China, Malaysia, Taiwan, Japan, the Netherlands and United Kingdom. STATS ChipPAC's facilities include those of its subsidiary, Winstek Semiconductor Corporation, in Hsinchu District, Taiwan. These facilities offer new product introduction support, pre-production wafer sort, final test, packaging and other high volume preparatory services. Together with our research and development centers in South Korea, Singapore, Malaysia, China, Taiwan and the United States as well as test facilities in the United States, this forms a global network providing dedicated test engineering development and product engineering support for customers from design to volume production. STATS ChipPAC is listed on both the Nasdaq Stock Market and the Singapore Exchange Securities Trading Limited. In addition, STATS ChipPAC is also included in the Morgan Stanley Capital International (MSCI) Index and the Straits Times Industrial Index. Further information is available at www.statschippac.com. Information contained in this website does not constitute a part of this release.

Contact Information: Singapore Contact: Tham Kah Locke Tel: (65) 6824 7635 Fax: (65) 6720 7826 email: Email Contact US Contacts: Lisa Lavin Marcom Manager Tel: (208) 939 3104 Fax: (208) 939 4817 email: Email Contact The Ruth Group David Pasquale Executive Vice President Tel: (646) 536 7006 email: Email Contact