Q1 2009 Earning Report of Chartered Semiconductor

- Chartered Semiconductor reported quarterly financial results and provided an investor update on business strategies and targets. - The company aims to focus on growth and profitability by leveraging technology gains, partnering with IBM, and optimizing costs. Key targets include higher growth, enhanced margins, lower breakeven utilization, and self-funding capital expenditures. - For the second quarter of 2009, Chartered estimates revenue of $487 million including its share of a joint venture, and a net loss of $24.4 million, with cash flow from operations of negative $59 million.