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Resignation of Alternate Director, Eleana Tan Ai Ching
Singapore and Fremont, California (ots/PRNewswire) - STATS ChipPAC Ltd. ("STATS ChipPAC")(Nasdaq: STTS and SGX: ST Assembly), a leading independent semiconductor test and advanced packaging service provider, today announced the resignation of Eleana Tan Ai Ching as alternate director to Tay Siew Choon, with effect from September 10, 2004.
"On behalf of the Board, I would like to express our appreciation to Eleana for her past contributions to the Board," said Charles Richard Wofford, Chairman of STATS ChipPAC.
About STATS ChipPAC Ltd. (STATS ChipPAC)
STATS ChipPAC Ltd. ("STATS ChipPAC")(Nasdaq: STTS and SGX: ST Assembly), 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's value proposition is total solutions of fully integrated, multi-site, end-to-end assembly and testing solutions that bring products to market and volume faster. Our customers are some of the largest wafer foundries, integrated device manufacturers (IDMs), as well as 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, Taiwan and the United States, STATS ChipPAC has a reputation for providing dependable, high quality test and packaging solutions. The Company's customer support offices are located in the Netherlands, China, Singapore, Japan, Taiwan, South Korea, Malaysia and the United States (California's Silicon Valley, Arizona, Texas, Massachusetts, Florida, Colorado and North Carolina). STATS ChipPAC's facilities include those of its subsidiary, Winstek Semiconductor Corporation in Hsinchu Valley, Taiwan. These facilities offer new product introduction support, pre-production wafer sort, final test, packaging and other high volume preparatory services. Together with the Company's Test Development Center in Singapore, 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 Nasdaq National Market and The Singapore Exchange. In addition, STATS ChipPAC is also listed on the Morgan Stanley Capital International (MSCI) Index and the Straits Times Industrial Index. Further information is available at www.statschippac.com
Certain statements in this press release including statements regarding expected future financial results and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. Factors that could cause actual results to differ include the ability of STATS and ChipPAC to successfully integrate their operations and employees; general business and economic conditions and the state of the semiconductor industry; demand for end-use applications products such as communications equipment and personal computers; reliance on a small group of principal customers; decisions by customers to discontinue outsourcing of test and assembly services; changes in customer order patterns; rescheduling or canceling of customer orders; changes in product mix; capacity utilization; level of competition; pricing pressures including declines in average selling prices; continued success in technological innovations; delays in acquiring or installing new equipment; shortages in supply of key components; availability of financing; exchange rate fluctuations; litigation and other risks described from time to time in the Company's SEC filings, including its annual report on Form 20-F dated 19 March 2004 and its Registration Statement on Form F-4 (File Number 333-114232). We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Unless otherwise specified, references to "$" are to the lawful currency of the United States of America.
Manager, Investor Relations /Corporate Communications
Director, Investor Relations
The Ruth Group
Executive Vice President
The Ruth Group
Web Site: http://www.statschippac.com
ots Originaltext: STATS ChipPAC Ltd.
Im Internet recherchierbar: http://www.newsaktuell.ch
Drew Davies, +1-408-586-0608, Lisa Lavin, +1-208-939-3104, Elaine
Ang, +65-6824-7705, all of STATS; David Pasquale, +1-646-536-7006,
Andrew Rodriguez, +1-646-536-7032, all of The Ruth Group