STATS Named Partner of the Year by Centillium Communications
Achieves Top Ranking in Cost of Ownership Program

Singapore and Milpitas, California, June 3, 2002 – ST Assembly Test Services Ltd (“STATS” – NNM: STTS and SGX: ST Assembly), a leading independent semiconductor test and advanced packaging service provider, has been named “Assembly and Test Partner of the Year” by Centillium Communications, Inc. (Nasdaq: CTLM), innovator of broadband communications technology.

To build strong business partnerships, Centillium utilizes its Cost of Ownership program to proactively communicate goals and measure performance to objectives. Suppliers are evaluated and ranked based on cost, quality, technology, and service.

“Effective supply chain solutions are essential to Centillium’s success,” said William Mackenzie, Vice President of Operations and Manufacturing, Centillium Communications. “STATS embraces Centillium’s core values and demonstrates a commitment to support our corporate goals from all levels in the organization. The company’s flexibility and willingness to go the extra mile for Centillium is recognized and appreciated.”

Centillium is strategically focused on developing the most integrated chipset solutions for the broadband communications and data equipment market. With a vision to provide the highest port density, lowest power consumption, and best performance chipset in the industry, Centillium offers market-leading solutions for central office equipment, digital-loop carrier (DLC) line cards, residential and business gateways, and customer premises equipment for Digital Subscriber Line (DSL) and Voice over Packet (VoP).

From technology roadmap sharing to sort, assembly, and final test services, STATS has aligned closely with Centillium to provide the right services to suit its needs. Centillium also leverages FastRamp Test Services, STATS’ high-end engineering test laboratory, to rapidly move their products from design to production.

“Achieving the ‘Partner of the Year’ award is very important to STATS and underscores the value we place on our relationship with Centillium,” said Harry H. Davoody, STATS President and Chief Executive Officer. “We believe a customer-centric focus is critical to tailoring the right turnkey solution to meet the individual business requirements of our customers. It is gratifying to receive this affirmation from Centillium.”

About ST Assembly Test Services Ltd. (STATS)

ST Assembly Test Services ("STATS" - NNM: STTS and SGX: ST Assembly), is a leading semiconductor test and assembly service provider to fabless companies, integrated device manufacturers and wafer foundries. With its principal operations in Singapore and global operations in the United States, United Kingdom, Germany, Japan and Taiwan, STATS offers full back-end turnkey solutions to customers worldwide. STATS’ expertise is in testing mixed-signal semiconductors, which are extensively used in fast growing communications applications such as data networking, broadband and mobile communications. STATS also offers advanced assembly services and has developed a wide array of traditional and advanced leadframe and laminate based products, including various ball grid array packages to serve some of the world's technological leaders. STATS was listed on the Nasdaq National Market and The Singapore Exchange in January 2000 and is in the Morgan Stanley Capital International (MSCI) Index and the Straits Times Industrial Index. Further information is available at www.stts.com.

Certain of the statements in this press release 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 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 February 28, 2002. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. read STATS company profile here.

STATS Contacts

Khor Hwee Eng (STATS - Singapore)
Senior Marcom Executive, Asia / Europe
Tel: (65) 6824 1291
khorhweeeng@stats.st.com.sg

Lisa Lavin (STATS - United States)
Manager, Marketing Communications
Tel: 208 672 6112
lavinl@statsus.com

About Centillium Communications

Centillium Communications, Inc. combines technical innovation and customer commitment to make broadband communications – in business and at home – a practical reality. The Company designs and markets communications chipsets for Digital Subscriber Line (DSL) central office and customer premises equipment and for carrier- and enterprise-class Voice over Packet (VoP) gateways and switches. The Centillium Communications headquarters are located at 47211 Lakeview Blvd., Fremont, CA 94538. Additional information is available at www.centillium.com.

read Centillium company profile here.