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
Vice President of Corporate Finance
Tel: (65) 6824 7788
Fax: (65) 6720 7826
email:
Media Contact:
Lisa Lavin
Deputy Director of Corporate Communications
Tel: (208) 939 3104
Fax: (208) 939 4817
email: