STATS ChipPAC Honors Top Suppliers


UNITED STATES--(Marketwire - May 20, 2008) - SINGAPORE -- 5/21/2008 -- STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company") (SES: STATSChP), a leading semiconductor test and advanced packaging service provider, today announced that it recently honored eleven of the Company's materials and equipment suppliers for outstanding contribution as key suppliers. The awards ceremony, held on May 13 in Singapore, recognized Nan Ya Printed Circuit Board Corporation, Heraeus Oriental HiTec Co. Ltd., Tanaka Kikinzoku International K.K., Senju Metal Industry Co., Ltd., Verigy Ltd., Tokyo Seimitsu Co., Ltd., Shinkawa Ltd., Phoenix Precision Technology Corp., MK Electron Co., Ltd., Eastern Co., Ltd. and Sumiko Electronics Suzhou Co., Ltd.

STATS ChipPAC's Supplier Day honors materials and equipment suppliers that provide exemplary service and performance to STATS ChipPAC and its customers by demonstrating excellence in quality, on-time delivery, technology, service, flexibility and cost competitiveness. The event marks the first year STATS ChipPAC held a Supplier Day and reinforces the Company's focus on supply chain excellence.

"STATS ChipPAC is committed to providing its customers with a 'best in class' global supply chain solution that is flexible, efficient and cost effective in helping customers respond to end-market demand. These honored suppliers are essential to our success," said Wan Choong Hoe, Executive Vice President and Chief Operating Officer of STATS ChipPAC. "We congratulate the award winners on their accomplishments and appreciate their exemplary and continuing support to our efforts to provide supply chain excellence to our customers."

The winners by category are:

Outstanding Overall Performance Award
Nan Ya Printed Circuit Board Corporation
Heraeus Oriental HiTec Co. Ltd.
Tanaka Kikinzoku International K.K.
Senju Metal Industry Co., Ltd.
Verigy Ltd.
Tokyo Seimitsu Co., Ltd.

Outstanding Service Award
Shinkawa Ltd.
Phoenix Precision Technology Corp.
MK Electron Co., Ltd.

Special Site - Outstanding Service Award
Eastern Co., Ltd.
Sumiko Electronics Suzhou Co., Ltd.

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; 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; our reliance on a small group of principal customers; our continued success in technological innovations; pricing pressures, including declines in average selling prices; availability of financing; prevailing market conditions; our ability to meet the applicable requirements for the termination of registration under the Exchange Act; our ability to meet specific conditions imposed for the continued listing or delisting of our ordinary shares on the SGX-ST; our substantial level of indebtedness; potential impairment charges; delays in acquiring or installing new equipment; adverse tax and other financial consequences if the South Korean taxing authorities do not agree with our interpretation of the applicable tax laws; our ability to develop and protect our intellectual property; rescheduling or canceling of customer orders; changes in our product mix; intellectual property rights disputes and litigation; our capacity utilization; 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; 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 other countries in Asia; 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. 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. ("STATS ChipPAC" or the "Company") (SGX-ST: STATSChP) 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.

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: