SINGAPORE -- 5/11/2010, UNITED STATES--(Marketwire - May 10, 2010) - STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company") (SGX-ST: STATSChP) today announced that it recently received "Best Supplier Award for 2009" from Samsung Electronics Co., Ltd., a global leader in semiconductor, telecommunication, digital media and digital convergence technologies.
The award is part of Samsung's annual supplier evaluation program which was established to build a win-win relationship between Samsung and its suppliers. Samsung evaluates the performance of its suppliers in terms of overall service in the areas of quality, cost, customer satisfaction, advanced technical support, yield performance, availability and delivery.
"STATS ChipPAC has been a valued partner to Samsung and contributed to our business success through their outstanding achievements in 2009. We congratulate STATS ChipPAC for attaining our high performance and quality standards and are pleased to recognize their excellent level of cooperation and focus on continuous improvement in providing packaging and test services to Samsung," said Sidon Choi, Senior Vice President of Samsung's Test & Package Center.
"We are proud and honored to be recognized by Samsung for our accomplishments and our commitment to the strong partnership we have established. STATS ChipPAC continuously strives to deliver world class services within the increasing complexity of semiconductor package technology and is focused on providing our customers with innovative and cost effective solutions. Receiving this award from Samsung demonstrates our commitment to meet the highest level of operational excellence, outstanding performance and continuous improvement to contribute to the success of Samsung," said Hal Lasky, Executive Vice President and Chief Sales Officer, STATS ChipPAC.
STATS ChipPAC supports two major divisions of Samsung, System LSI and Memory. For System LSI, STATS ChipPAC provides full turnkey packaging and test services for products which are found in a wide range of digital devices such as mobile phones. With Samsung Memory solutions, STATS ChipPAC provides packaging services for products used in computers and a wide range of handheld devices such as smart phones and MP3 players.
Forward-Looking Statements
Certain statements in this release 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 include, but are not limited to, general business and economic conditions and the state of the semiconductor industry; prevailing market conditions; demand for end-use applications products such as communications equipment, consumer and multi-applications and personal computers; decisions by customers to discontinue outsourcing of test and packaging services; level of competition; our reliance on a small group of principal customers; our continued success in technological innovations; possible future application of push-down accounting; pricing pressures, including declines in average selling prices; intellectual property rights disputes and litigation; our ability to control operating expenses; our substantial level of indebtedness and access to credit markets; potential impairment charges; availability of financing; changes in our product mix; our 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; returns from research and development investments; changes in customer order patterns; shortages in supply of key components; customer credit risks; disruption of our operations; loss of key management or other personnel; defects or malfunctions in our testing equipment or packages; rescheduling or cancelling of customer orders; adverse tax and other financial consequences if the taxing authorities do not agree with our interpretation of the applicable tax laws; classification of our Company as a passive foreign investment company; our ability to develop and protect our intellectual property; changes in environmental laws and regulations; exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; majority ownership by Temasek Holdings (Private) Limited ("Temasek") that may result in conflicting interests with Temasek and our affiliates; unsuccessful acquisitions and investments in other companies and businesses; labor union problems in South Korea; uncertainties of conducting business in China and changes in laws, currency policy and political instability in other countries in Asia; natural calamities and disasters, including outbreaks of epidemics and communicable diseases, the continued trading and listing of our ordinary shares on the Singapore Exchange Securities Trading Limited ("SGX-ST"); and other risks described from time to time in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F dated March 5, 2010. You should not unduly rely on such statements. We do not intend, and do not assume any obligation, to update any forward-looking statements to reflect subsequent events or circumstances.
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 SGX-ST. Further information is available at www.statschippac.com. Information contained in this website does not constitute a part of this release.
Contact Information:
Investor Relations Contact:
Tham Kah Locke
Vice President of Corporate Finance
Tel: (65) 6824 7788
Fax: (65) 6720 7826
email: