STATS ChipPAC Ltd. Announces Commencement of Exchange Offer

STATS ChipPAC Ltd. Announces Commencement of Exchange Offer 


SINGAPORE, April 18  /PRNewswire-FirstCall/ -- STATS ChipPAC Ltd. ("STATS
ChipPAC" - NNM: STTS and SGX: STATSChP), a leading independent semiconductor
test and advanced packaging service provider, announced today that a
registration statement related to its 6.75% Senior Notes due 2011 was declared
effective by the U.S. Securities and Exchange Commission.  In connection with
the effectiveness of this registration statement, STATS ChipPAC also announced
the commencement of its offer to exchange US$215,000,000 aggregate principal
amount of its 6.75% Senior Notes due 2011 that have been registered under the
U.S. Securities Act of 1933 for a like principal amount of its outstanding
unregistered 6.75% Senior Notes due 2011. The outstanding 6.75% Senior Notes
due 2011 were originally issued on November 18, 2004 in a private offering. 
The exchange offer is being conducted pursuant to the registration rights of
the outstanding 6.75% Senior Notes due 2011. This exchange offer will expire at
5:00 p.m., New York time, on May 20, 2005 unless extended.

  You may request copies of the related prospectuses from:

                      U.S. BANK NATIONAL ASSOCIATION

                       Information (1-800) 934-6802



This notice shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such state.

About STATS ChipPAC Ltd. (STATS ChipPAC)

STATS ChipPAC Ltd. 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 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) 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, Florida, Colorado and North Carolina). Our offices outside the
United States are located in the Netherlands, United Kingdom, China, Singapore,
Japan, Taiwan, South Korea and Malaysia.  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 our Research and Development Centers in Singapore and South Korea
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 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 http://www.statschippac.com/. Information contained in this website does not
constitute a part of this corporate release.

  Singapore Contact
   Elaine Ang
   Manager, Investor Relations & Corporate Communications
   Tel:  [phone], Fax: [phone]
   email:  

  US Contacts :
   Drew Davies
   Director, Investor Relations
   Tel:  [phone], Fax: [phone]
   email:  

   Lisa Lavin
   Marcom Manager
   Tel:  [phone], Fax: [phone]
   email:  

   The Ruth Group
   David Pasquale - Executive Vice President
   Tel:  [phone]
   email:  

DATASOURCE: STATS ChipPAC Ltd.



CONTACT:  Singapore Contact, Elaine Ang, Manager, Investor Relations &

Corporate Communications, 65-6824 7705, or fax, 65-6720 7826, or

, or US Contacts, Drew Davies, Director, Investor

Relations, [phone], or fax, [phone], or

, or Lisa Lavin, Marcom Manager, [phone],

or fax, [phone], or ; or The Ruth Group,

David Pasquale - Executive Vice President Tel, [phone], or





Web site:  http://www.statschippac.com/ 

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