Document:

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                                                                  Execution Copy

                                                                    Exhibit 4.47
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                                                           L       1    Ver 1
                                                         -----------------------

                               THE LAND TITLES ACT
                                                         -----------------------

                                                         -----------------------
                                                         (For Official Use only)

                                    SUB-LEASE

(A)  DESCRIPTION OF LAND
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<TABLE>
<CAPTION>
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           CT
     --------------   Mukim      TS     Lot No.          Property Address
      Vol   Folio
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<S>         <C>       <C>        <C>    <C>         <C>

                                        1) Whole    No. 60 Woodlands Industrial
      617     44       13        -      2) 3797T    Park D,
                                                    Singapore 738406
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</TABLE>

(B)  LESSOR:
     ------
<TABLE>
<S>                              <C>
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      ID/CO REGISTRATION NO.     199004768N
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      NAME:                      SINGAPORE TECHNOLOGIES PTE LTD (the "Lessor")
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      ADDRESS:                   51 Cuppage Road
      (within Singapore for      #09-01 Starhub Centre
      service of Notice)         Singapore 229469
     ---------------------------------------------------------------------------
</TABLE>

     (the registered proprietor of a leasehold estate for the term of thirty
     (30) years commencing from the 16th day of February 1994) HEREBY LEASES the
     registered estate or interest of the Lessor in the land above described
     to:-

(C)  LESSEE:

<TABLE>
<S>                              <C>
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      ID/CO REGISTRATION NO.     198703584K
     ---------------------------------------------------------------------------
      NAME :                     CHARTERED SEMICONDUCTOR
                                 MANUFACTURING LTD (the "Lessee")
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      PLACE OF INCORPORATION     Singapore
     ---------------------------------------------------------------------------
      ADDRESS:                   60 Woodlands Industrial Park D Street 2
      (within Singapore for      Singapore 738406
      service of Notice)
     ---------------------------------------------------------------------------
</TABLE>

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                                                                  Execution Copy

FOR TERM OF LEASE
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<Table>
<S>                       <C>
Term of Lease:            Thirty (30) years less one (1) day

Commencement Date:        16th day of February 1994 (hereinafter referred to as
                          "the Commencement Date")

Consideration:            The average minimum investment by the Lessee on
                          building and civil works exceeding $1,000/- per square
                          metre of the gross built up floor area and on plant
                          and machinery exceeding $500/- per square metre of the
                          land area of Private Lots A12787, A12787(a) and
                          A12787(b) (hereinafter referred to as "the fixed
                          investment criteria") and the average gross plot ratio
                          of not less than 0.6.

Annual Rent:              As stipulated in Clause 1(a) of the Special Covenants
                          and Conditions hereinafter appearing.

Easement & Reservation:   TOGETHER WITH the benefit of the rights granted to the
                          Lessor and SUBJECT TO the rights reserved to Jurong
                          Town Corporation ("JTC") mentioned in the Lease dated
                          the       day of September 2004 made between JTC and
                          the Lessor ("the Head Lease" which expression shall
                          include the provisions of the Memorandum of Lease
                          filed with the Registry of Titles as No. ML I/30809F
                          and the First Variation of Memorandum of Lease VML
                          I/076384J as well as all variations thereof and
                          supplemental thereto).
</Table>

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     SUBJECT TO:-

(D)  PRIOR ENCUMBRANCES (TO STATE 'NIL' IF THERE ARE NONE):
     -----------------------------------------------------

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       Nil
     ---------------------------------------------------------------------------

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     AND the following:

(E)  COVENANTS AND CONDITIONS
     ------------------------

     The Lessee hereby covenants to perform and observe the covenants,
     conditions and powers implied by law in instruments of lease (or to such of
     them as are not hereinafter expressly negatived or modified).

(F)  SPECIAL COVENANTS AND CONDITIONS

     1.   The Lessee hereby covenants as follows:-

          (a)  To pay the yearly rent as set out below:-

               (i)  the yearly rent shall be paid in equal quarterly instalments
                    on the first day of each of the months of January, April,
                    July and October in every year of the said term without any
                    deductions and in advance without demand at the office of

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                     the Lessor or at such other office as the Lessor may
                     designate;

               (ii)  The yearly rent shall be based on the agreed area of 7,015
                     square metres (although the final survey areas is 7,014.7
                     square metres);

               (iii) From the 16th day of November 1995 the yearly rent of
                     Dollars One hundred and thirty-seven thousand six hundred
                     and thirty-four and Cents thirty only (S$137,634.30)
                     calculated at the rate of $19.62cts per square metre per
                     annum of the demised premises, which rate was was increased
                     on the 16th day of February 1996 to the rate of $21.39cts
                     per square metre per annum of the demised premise. The
                     yearly rent so increased on the 16th day of February 1996
                     shall be increased by 9% per annum (compounded annually) on
                     the 16th day of February 1997 and on the 16th day of
                     February of every year thereafter.

          (b)  (i)   To observe and be bound by the provisions in the Head Lease
                     and perform all the covenants and conditions on the part of
                     the tenant contained in the Head Lease insofar as they
                     relate to the Property;

               (ii)  Not to do omit suffer or permit in relation to the Property
                     any act or thing which would or might cause the Lessor to
                     be in breach of the Head Lease or which if done omitted or
                     suffered or permitted by the Lessor would or might
                     constitute a breach of the covenants on the part of the
                     tenant and the conditions contained in the Head Lease; and

               (iii) To keep the Lessor indemnified against any actions,
                     proceedings, claims, damages, costs, expenses, losses or
                     liability incurred by the Lessor arising from any breach,
                     non-observance or non-performance by the Lessee of the
                     aforesaid covenants and conditions in the Head Lease.

          (c)  To pay the rents hereinbefore reserved on the days and in the
               manner set out above, without any deductions, set-off or
               counterclaim.

          (d)  As often as any building or structure on the demised premises or
               any part thereof shall be destroyed or damaged as aforesaid
               forthwith to give to the Lessor written notice of such
               destruction or damage and forthwith to cause all monies received
               by virtue of such insurance to be laid out in rebuilding and
               reinstating the same to the satisfaction of the Lessor and JTC
               and in accordance with the plans and specifications approved by
               the Lessor and JTC and in accordance with the laws, bye-laws
               regulations and planning schemes of every relevant governmental
               and statutory authority prevailing at the time, and in case the
               monies so received shall be insufficient for that purpose then to
               make up the deficiency out of its own monies PROVIDED THAT the
               rebuilding and reinstatement shall in any event commence and be
               completed within the period specified by the Lessor and JTC
               PROVIDED FURTHER THAT

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               notwithstanding the covenant contained in this clause, the Lessee
               may exercise the option not to rebuild or reinstate the buildings
               subject to the following conditions:

               (i)  the Lessee shall give to the Lessor four (4) months' notice
                    in writing to prematurely terminate the term of the
                    Sub-Lease herein created but without prejudice to Clause
                    4(f) and any right or remedy which may have or will accrue
                    to the Lessor prior to the expiry of the four (4) months'
                    notice under the terms and conditions of the Sub-Lease
                    herein; and

               (ii) the Lessee shall forthwith pay or cause to be paid to the
                    Lessor or to JTC if so directed by the Lessor, all monies
                    received by virtue of such insurance.

          (e)  The rent and other taxable sums payable by the Lessee under or in
               connection with the lease herein shall be exclusive of the goods
               and services tax (hereinafter called "tax") chargeable by any
               government, statutory or tax authority calculated by reference to
               the amount of the rent and any other taxable sums received or
               receivable by the Lessor from the Lessee and which tax is payable
               by the Lessee. The Lessee shall pay the tax and the Lessor acting
               as the collecting agent for the government, statutory or tax
               authority shall collect the tax from the Lessee together with the
               rent hereinbefore reserved without any deduction and in advance
               without demand on the first day of each of the months of January,
               April, July and October, and in the manner and within the period
               prescribed in accordance with the applicable laws and
               regulations.

          (f)  Not to demise assign mortgage charge create a trust or agency let
               sublet or underlet or grant a licence or part with or share the
               possession or occupation of the demised premises in whole or in
               part or otherwise in any way dispose of the demised premises
               whether in whole or in part at anytime within the period of five
               (5) years from the 16th day of November 1995 (hereinafter
               referred to as "the restrictive period") EXCEPT THAT and subject
               to the Lessor's and JTC's prior written consent the Lessee may
               mortgage or change by way of a Debenture his interest in the
               demised premises. After the restrictive period the Lessee shall
               not demise assign create a trust or agency mortgage charge let
               sublet or underlet or grant a license or part with or share the
               possession or occupation of the demised premises in whole or in
               part or otherwise in any way dispose of the demised premises
               whether or in part at anytime without first obtaining the consent
               of the Lessor and JTC in writing PROVIDED ALWAYS THAT in the
               event that any consent to assign is given, such consent shall,
               without prejudice to clauses 1(i) and 1(k), at all times subject
               to the Lessee and the assignee, where applicable, complying with
               the setback requirements and any other planning requirements and
               not exceeding the average maximum gross plot ratio of 1.4 in
               respect of the demised premises and any other remaining land
               occupied by the Lessor within Woodlands Industrial Park D after
               the assignment. The restrictions contained in Section 17 of the
               Conveyancing and Law of Property Act (Chapter 61) shall not
               apply. In addition, the Lessor or JTC may in

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               their absolute discretion in giving the consent require, inter
               alia, that the fixed investment criteria be met and due proof
               thereof be shown within such period of time as the Lessor or JTC
               may stipulate, and in the event of the non-observance thereof,
               the Lessor shall be entitled to exercise its rights under Clause
               4(c) herein. Notwithstanding the foregoing, the Lessee may sublet
               the demised premises or part thereof to Silicon Manufacturing
               Partners Pte Ltd.

          (g)  At the termination, by notice by the Lessee, or re-entry by JTC
               under the Head Lease of re-entry by the Lessor or by expiry or
               otherwise, of the term hereby created, to yield up the demised
               premises to the Lessor in tenantable repair in accordance with
               the Lessee's covenants herein contained PROVIDED THAT, if so
               required by the Lessor and upon notice thereof, the Lessee shall
               at its own cost and expense properly demolish and remove such
               buildings, structures, fixtures and fittings, or any part
               thereof, as may be specified by the Lessor and JTC and reinstate
               the demised premises to the satisfaction of the Lessor and JTC
               and if the Lessee shall fail to observe or perform this covenant
               the Lessor or JTC may (but shall not be under any obligation to
               do so) execute such works and recover the costs thereof from the
               Lessee as a debt.

          (h)  Not to use or permit or suffer the demised premises or any part
               thereof to be used otherwise than for ancillary services such as
               car-parking lots, process water treatment tank, electrical
               sub-station and pump house only except with the prior consent in
               writing of the Lessor and JTC. In granting its consent to any
               change or extension of use, JTC and the Lessor may in their
               absolute discretion require, inter alia, the Lessee to meet the
               fixed investment criteria and to show due proof within such
               period of time as the Lessor or JTC may stipulate, and in the
               event of the non-observance thereor, the Lessor shall be entitled
               to exercise its rights under Clause 4(c) hereof. For the
               avoidance of any doubt, the words "meet" in this clause and "met"
               in Clause 1(f) shall include the maintenance of the fixed
               investment criteria and if it has not been maintained then that
               it be met.

          (i)  Without prejudice to Clause 1(viii) of ML I/30809F, to ensure
               that the gross plot ratio of Private Lot A12787(b) shall not be
               less than 0.6 but not more than 1.4 and in the event the gross
               plot ratio exceeds 1.4 the Lessee shall at its own cost and
               expense be responsible for such proportion (as may be mutually
               agreed upon between the Lessor and the Lessee) of the development
               charges, differential premium and all other charges that may be
               payable in consequence thereof. Notwithstanding the foregoing
               provision the Lessee shall ensure that the average gross plot
               ratio for Private Lots A12787, A12787(a), A12787(b), A12787(d)
               and any other land occupied by the Lessor within Woodlands
               Industrial Park D shall not be less than 0.6 but shall not exceed
               the existing permitted maximum average gross plot ratio of 1.4
               except with the prior written approval of the Lessor, JTC and the
               relevant governmental authorities PROVIDED ALWAYS THAT and
               without prejudice to clause 1(viii) of ML I/30809F, the Lessee
               shall bear such proportion of the development charges/
               differential premium which may be

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               imposed on or charged to the Lessor and JTC by the relevant
               governmental and statutory authorities, and any other charges
               which may be imposed in connection with any increase in the said
               average gross plot ratio beyond 1.4.

          (j)  The Lessee accepts the demised premises in its existing state and
               condition and further accepts and confirms that neither JTC nor
               the Lessor has made representation or given any assurance as to
               the present or future suitability of the demised premises or its
               surrounding or adjacent lands in relation to the Lessee's use,
               operations or occupation at the demised premises.

          (k)  Not to place, construct or erect or permit the placing,
               construction or erection of any building, structure or equipment
               whatsoever on the wide buffers within the boundary of the demised
               premises and to comply with the requirements of the relevant
               governmental and statutory authorities including the Urban
               Redevelopment Authority and the Building Control Division of the
               Ministry of National Development.

          (l)  The Lessee shall not at any time hold the Lessor and/or JTC
               liable for any claim, demand, action, proceeding, inconvenience,
               loss, damages, costs or expenses of whatsoever kind or
               description which the Lessee or any other person may suffer in
               connection with or arising from the Easement referred to in VML
               I/076384J or any works carried out in relation thereto.

          (m)  At all times throughout the term of lease hereby created to keep
               in full operation and continue operations at the whole of the
               demised premises in accordance with the use permitted in Clause
               1(h) herein).

          (n)  If the Registrar of Titles issues in favour of the Lessee a
               Certificate of Title for the leasehold estate comprised in the
               Sub-Lease hereby created, the Lessee must, within 2 weeks of
               receipt of the said Certificate of Title submit a copy of it to
               the Lessor.

          (o)  If the term of Sub-Lease hereby created shall at any time be
               determined by expiry or otherwise, the Lessee must at his own
               cost and expense immediately surrender or cause to be surrendered
               the said Certificate of Title for the leasehold estate (and any
               duplicate instrument) to the Registrar of Titles for custody and
               cancellation by the Registrar and the Lessee shall simultaneously
               give to the Lessor written notice of such surrender.

          (p)  Subject always to Clause 1(i) herein, to develop the demised
               premises for low rise and low density industrial development
               limited to 100 persons per hectare.

          (q)  To pay all legal fees (including the Lessor's solicitors' charges
               on a solicitor and client basis) stamp duty and all other
               disbursements and out of pocket expenses incurred in the
               preparation and completion of this Sub-Lease and in connection
               with any assignment sub-letting surrender or other termination
               thereof otherwise than by effluxion of time or with any claim or
               legal

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                 proceedings which may be brought by the Lessor against the
                 Lessee in the event of a breach by the Lessee in connection
                 with this Sub-Lease.

            (r)  Subject to Clause 1(vii) of ML I/30809F, to ensure the maximum
                 height of any chain-link fence (including the anti-climb) or
                 boundary wall erected by the Lessee at the demised premises
                 shall not exceed two (2) metres PROVIDED THAT the chain-link
                 fence or boundary wall shall be erected behind any hedge that
                 may be planted at the boundary of the demised premises.

     2.     The Lessor hereby covenants as follows:

            (a)  That the Lessee paying the rents hereby reserved and performing
                 and observing the several covenants herein contained and on the
                 Lessee's part to be performed and observed shall peaceably hold
                 and enjoy the demised premises without any interruption from
                 the Lessor or any person rightfully claiming under or in trust
                 for it;

            (b)  The Lessor shall pay the rent and all other monies and shall
                 perform the lessee's covenants and conditions contained in the
                 Head Lease (save for such covenants as shall be performed by
                 the Lessee pursuant to the provisions of Clause 1(b) hereof);

            (c)  The Lessor shall take all reasonable steps to obtain the
                 consent of JTC whenever the Lessee makes any request in
                 connection with the demised premises that requires the approval
                 of JTC under this Sub-Lease or the Head Lease;

            (d)  Upon notice from the Lessee, the Lessor will take all
                 reasonable steps to enforce promptly the obligations undertaken
                 by JTC in the Head Lease.

     3(1).  The Lessor hereby further covenants with the Lessee that the Lessor
            shall grant to the Lessee a lease of the demised premises for a
            further term of thirty (30) years less one (1) day (hereinafter
            referred to as "the further term") commencing from the second day
            following the date of expiry of the term hereby created PROVIDED
            THAT:-

            (i)    at the expiry of the term hereby created, there be no
                   existing breach or non-observance of any of the covenants and
                   conditions herein contained on the part of the Lessee to be
                   observed or performed;

            (ii)   if required by the Lessor, the Lessee shall within four (4)
                   months from the commencement of the further term and at its
                   own cost and expense, carry out and complete such
                   improvements to the landscaping at the demised premises as
                   may be stipulated in writing by the Lessor or JTC;

            (iii)  the Lessee shall six (6) months before the expiry of the said
                   term submit, for the approval of the Lessor, JTC and the
                   relevant governmental and statutory authorities, plans for
                   the upgrading of the exterior of buildings on the demised
                   premises to the same highest quality of new buildings which
                   JTC will be building at that

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                  time, and the Lessee shall expeditiously do all acts and
                  things necessary to obtain the approval, all at the cost and
                  expense of the Lessee;

            (iv)  the Lessee shall at its own cost and expense complete, within
                  eighteen (18) months from the commencement of the further
                  term, the upgrading of the buildings in accordance with the
                  plans approved by the Lessor and JTC and the relevant
                  governmental and statutory authorities and to the satisfaction
                  of the Lessor and JTC;

            (v)   the Head Lease shall have been renewed by JTC in accordance
                  with the terms and conditions contained therein; and

            (vi)  the other terms and conditions that shall apply to the renewed
                  Sub-Lease shall be substantially similar to the terms and
                  conditions that shall apply to the renewed Head Lease save
                  that Clause 4(f) hereinafter appearing and the present
                  covenant for renewal shall not apply.

     3(2).  If the further term is granted in accordance with clause 3(1) above,
            the Lessee shall be permitted to remain on the premises on the day
            following the expiry of the term created by this Sub-Lease as a
            licensee, free of payment.

     4.     PROVIDED ALWAYS and it is hereby agreed between the parties as
            follows:

            (a)  No estate or interest in the soil of the road and footpath
                 adjacent to the demised premises is or shall be deemed to be
                 included in the demise hereinbefore contained.

            (b)  The Lessee shall not be entitled to any right of access of
                 light or air to the demised premises or any part thereof,
                 which would restrict or interfere with the user of any
                 adjoining or neighbouring land for building or any other
                 purpose.

            (c)  If the said rent hereby reserved or any other sums due under
                 this Sub-Lease or any part thereof shall be unpaid for fourteen
                 days after becoming payable (whether the same shall have been
                 formally demanded or not) or if any of the covenants or
                 obligations on the part of the Lessee herein contained shall
                 not be performed or observed or if any charging order writ of
                 seizure and sale or its equivalent made in respect of the
                 demised premises shall be enforced by sale or by entry into
                 possession without the written consent of the Lessor having
                 first been obtained (Section 17 of the Conveyancing and Law of
                 Property Act shall also not apply in such event) by the Lessee
                 or by the person in whose favour the charging order writ of
                 seizure and sale or its equivalent shall have been made, then
                 and in any such case it shall be lawful for the Lessor or any
                 person or persons authorized by it in that behalf at any part
                 thereafter to re-enter upon the demised premises or any part
                 thereof in the name of the whole and thereupon the term hereby
                 created shall absolutely determine but without prejudice to any
                 right of action or remedy of the Lessor in respect of any
                 breach of any of

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                 the covenants or conditions by the Lessee herein contained
                 PROVIDED THAT if the demised premises have been assigned by way
                 of mortgage the provisions of this clause shall not take effect
                 until the Lessor has served upon the mortgagee a notice in
                 writing that such breach has occurred and the mortgage has
                 failed to remedy such breach.

            (d)  If any failure on the Lessee's part to observe or perform any
                 of its covenants contained in this Sub-Lease results in the
                 Lessor failing to comply with its obligations under the Head
                 Lease and such failure entitles JTC to re-enter upon and take
                 possession of the demised premises and JTC exercises such
                 right, then this Sub-Lease shall forthwith terminate without
                 the Lessor making to the Lessee any compensation or allowances
                 for the same and without prejudice to any right of action or
                 other remedy of the Lessor for the recovery of any rents or
                 other monies due to it from the Lessee or in respect of any
                 breach of this Sub-Lease.

            (e)  The Lessee may at any time prematurely terminate the term
                 of lease herein created by giving to the Lessor four (4)
                 months' prior notice in writing, but without prejudice to any
                 right or remedy which may have or will accrue to the Lessor
                 prior to the expiry of the four (4) months' notice under the
                 terms and conditions of the sub-lease herein created or in
                 respect of the termination.

            (f)  Subject to Clause 4(g) hereof in the event that premature
                 termination shall occur at any time within eight (8) years from
                 the commencement of the said term of the sub-lease herein
                 created or if JTC shall at any time within the said eight (8)
                 years exercise its right of re-entry under the Head Lease as a
                 result of the failure by the Lessor to observe or perform its
                 obligations under the Head Lease which was due to a failure by
                 the Lessee to observe or perform any covenant or condition
                 imposed on the Lessee under this Sub-Lease or if the Lessor
                 shall at any time within the said eight (8) years exercise its
                 right of re-entry under Clause 4(c) hereof, then in addition to
                 rent, interest, property tax and other sums payable by the
                 Lessee to the date of premature termination or re-entry as the
                 case may be, liquidated damages for a proportionate amount of
                 the sum of $17.7 million in the same proportion as the land
                 area of the portion of the demised premises subject to
                 premature termination or re-entry (as the case may be) bears in
                 relation to the total land area of Private lots A12787,
                 A12787(a) and A12787(b) together ('the said sum') shall be
                 payable and paid by the Lessee to the Lessor and it is
                 acknowledged and agreed by the Lessee that the said sum shall
                 constitute liquidated damages and shall not be considered under
                 any circumstances as a penalty.

            (g)  Notwithstanding anything contained herein, the Lessor
                 hereby agrees to a waiver of the liquidated damages provided in
                 Clause 4(f) hereof in the event of any transfer or assignment
                 of the lease in accordance with Clause 1(f) hereinbefore
                 appearing PROVIDED THAT:-

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              (i)   the transfer or assignment is approved in writing by the
                    Lessor and all other relevant governmental and statutory
                    authorities and

              (ii)  the Lessor reserves the right to revise the land rent to the
                    prevailing market rate at the time of the transfer or
                    assignment.

     5.  (a)  All notices, demands or other communications required or permitted
              to be given or made hereunder shall be in writing and delivered
              personally or sent by prepaid post (by airmail if to or from an
              address outside Singapore) with recorded delivery or facsimile
              addressed to the intended recipient thereof at its address set out
              below or at its last known address or at its facsimile number set
              out below (or to such other address or facsimile number as any
              party may from time to time duly notify in writing to the other)
              and marked to the attention of the person named below in respect
              of the intended recipient. Any such notice, demand or
              communication shall be deemed to have been duly served (if given
              or made by facsimile) immediately or (if given or made by letter)
              24 hours after posting or (if made or given to or from an address
              outside Singapore) 72 hours after posting and in proving the same
              it shall be sufficient to show that the envelope containing the
              same was duly addressed, stamped and posted. The initial addresses
              and facsimile numbers of the parties for the purposes of this
              Sub-Lease are:-

              Lessor    :       SINGAPORE TECHNOLOGIES PTE LTD
                                51 Cuppage Road
                                #09-01 StarHub Centre
                                Singapore 229469
                                Attention:    Company Secretary
                                Facsimile No: 67202281

              Lessee    :       CHARTERED SEMICONDUCTOR
                                MANUFACTURING LTD
                                60 Woodlands Industrial Park D Street 2
                                Singapore 738406
                                Attention:    Vice President
                                              Facility Systems
                                Facsimile No: 63622901

     6.  The illegality, invalidity or unenforceability of any provision of this
         Sub-Lease under the law of any jurisdiction shall not affect its
         legality, validity or enforceability under the law of any other
         jurisdiction nor the legality, validity or enforceability of any other
         provision.

     7.  (a)  This Sub-Lease shall be construed and governed by the laws of
              Singapore.

         (b)  Nothing shall affect the right to serve process in any manner
              permitted by law.

     8.  A person who is not a party to this Sub-Lease shall have no right under
         the Contracts (Rights of Third Parties) Act (Cap 53B) (as amended or
         revised

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         from time to time) to enforce any of the covenants, terms or conditions
         of this Sub-Lease.

     9.  In this Sub-Lease where the context so requires or permits, words
         importing the singular number or the mascular gender include the plural
         number or the feminine gender and words importing persons include
         corporation and vice versa, the expression "the Lessor" shall include
         its successors-in-title and permitted assigns (if any), where there are
         two or more persons included in the expression "the Lessee" covenants
         expressed to be made by "the Lessee" shall be deemed to be made by such
         persons jointly and severally, and except where otherwise provided the
         expression "the demised premises" shall mean the land hereby demised
         and all buildings, structures, fixtures and fittings therein.

(G)  DATE OF LEASE: 19 October 2004
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(H)  EXECUTION BY LESSOR

     The Common Seal of SINGAPORE                      )
     TECHNOLOGIES PTE LTD was hereunto                 )
     Affixed in the presence of:-                      )

                                                       /s/ Peter Seah Lim Huat

                                                       Director

                                                       /s/ Chua Su Li

                                                       Secretary

(I)  EXECUTION BY LESSEE
     -------------------

     The Common Seal of CHARTERED                      )
     SEMICONDUCTOR MANUFACTURING                       )
     LTD was hereunto affixed in the presence of:-     )

                                                       /s/ Chia Song Hwee

                                                       Director

                                                       /s/ Looi Lee Hwa

                                                       Secretary

                                       11
STPL-CSM-Sub-LeaseAgmt12787(b)-execution
<PAGE>
                                                                  Execution Copy

(J)  CERTIFICATE PURSUANT TO THE RESIDENTIAL PROPERTY ACT AND THE LAND TITLES
     ------------------------------------------------------------------------
     RULES AND PRACTICE CIRCULARS:
     ----------------------------

     I, the solicitor for the Lessee hereby certify that the place of
     Incorporation and registration number allocated by the Registry of
     Companies to the Lessee as abovementioned specified in the within
     instrument have been verified from the Certificate of Incorporation
     produced and shown to me, and are found to be correct.

     Dated this    19th   day of    October           2004.

                                    /s/ Woo Foong Lin
                                    -----------------
                                    NAME & SIGNATURE OF SOLICITOR FOR THE LESSEE

     I, the Solicitor for the Lessee hereby certify that the within land is a
     non-residential property as declared in the Residential Property
     Notification 1988. The land is zoned as Business 2 and the approved
     specific use of the property is for single user factory use.

     Dated this    19th   day of    October           2004.

                                    /s/ Woo Foong Lin
                                    -----------------
                                    NAME & SIGNATURE OF SOLICITOR FOR THE LESSEE

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(K)  SIMILAR INTEREST CONFIRMATION (IF ANY)
     --------------------------------------

     Not Applicable.

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(L)  CERTIFICATE OF CORRECTNESS:

     I, the Solicitor for the Lessor hereby certify that this instrument is
     correct for the purposes of the Land Titles Act and that I hold a
     practising certificate which is in force as at the date of the instrument.

                                  /s/ Woo Foong Lin
                                  -----------------
                                  NAME AND SIGNATURE OF SOLICITOR FOR THE LESSOR

                                       12
STPL-CSM-Sub-LeaseAgmt12787(b)-execution
<PAGE>
                                                                  Execution Copy

     I, the Solicitor for the Lessee hereby certify that this instrument is
     correct for the purposes of the Land Titles Act and that I hold a
     practising certificate which is in force as at the date of the instrument.

                                  /s/ Woo Foong Lin
                                  -----------------
                                  NAME AND SIGNATURE OF SOLICITOR FOR THE LESSEE

                                       13
STPL-CSM-Sub-LeaseAgmt12787(b)-execution
<PAGE>
                                                                  Execution Copy

FOR OFFICE USE ONLY

<TABLE>
<S>                    <C>                                            <C>
--------------------------------------------------------------------------------
EXAMINED               REGISTERED ON

                       Initials of
Date                   Signing Officer:                      Registrar of Titles
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</TABLE>

                                       14
STPL-CSM-Sub-LeaseAgmt12787(b)-execution<PAGE>
                                                                    Exhibit 4.50

                                                                ALLEN & GLEDHILL
                                                          ADVOCATES & SOLICITORS

--------------------------------------------------------------------------------

                             Dated 31 December 2004

                         SINGAPORE TECHNOLOGIES PTE LTD

                                       and

                           TERRA INVESTMENTS PTE. LTD.

                                       and

                       CHARTERED SILICON PARTNERS PTE LTD

                               NOVATION AGREEMENT

                                                 ALLEN & GLEDHILL
                                                 ONE MARINA BOULEVARD #28-00
                                                 SINGAPORE 018989

<PAGE>
                                                           Private Lot A12787(d)

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CONTENTS                                                              PAGE
<S>     <C>                                                           <C>
1.      INTERPRETATION...............................................   1

2.      SECURITY DEPOSIT.............................................   2

3.      NEW LANDLORD'S UNDERTAKINGS..................................   2

4.      TENANT'S UNDERTAKINGS........................................   3

5.      COSTS AND EXPENSES...........................................   3

6.      CONTRACTS (RIGHTS OF THIRD PARTIES) ACT......................   3

7.      GOVERNING LAW................................................   3
</TABLE>

--------------------------------------------------------------------------------

                                       i
<PAGE>
                                                           Private Lot A12787(d)

THIS AGREEMENT is made on 31 December 2004 BETWEEN:

(1)  SINGAPORE TECHNOLOGIES PTE LTD, a company incorporated in Singapore and
     having its registered office at 51 Cuppage Road #09-01 StarHub Centre
     Singapore 229469 (the "ORIGINAL LANDLORD");

(2)  TERRA INVESTMENTS PTE. LTD. a company incorporated in Singapore and having
     its registered office at 60B Orchard Road #06-18 Tower 2 The Atrium @
     Orchard Singapore 238891 (the "NEW LANDLORD"); and

(3)  CHARTERED SILICON PARTNERS PTE LTD, a company incorporated in Singapore and
     having its registered office 60 Woodlands Industrial Park D Street 2
     Singapore 738406 (the "TENANT").

WHEREAS:

(A)  By the Lease (as defined below), the Original Landlord leased to the Tenant
     the Premises (as defined below) for the Term (as defined below), subject to
     the compliance by the Tenant of the tenant's obligations and the conditions
     contained in the Lease.

(B)  By an Agreement (as defined below) made between the Original Landlord and
     the New Landlord, the Original Landlord agreed to sell / transfer to the
     New Landlord the Premises together with the benefit of and subject to the
     Lease.

(C)  The Original Landlord wishes to be released and discharged from further
     performance of the Lease and the Tenant has agreed to release and discharge
     the Original Landlord subject to the New Landlord's agreement to perform
     the Lease and to be bound by the terms of the Lease in place of the
     Original Landlord on the terms and conditions set out below.

IT IS AGREED as follows:

1.   INTERPRETATION

1.1  Definitions

     The following definitions apply unless the context requires otherwise:

     1.1.1 "AGREEMENT" means collectively the (1) a Sale and Purchase Agreement
           dated 15 December 2004 made between the Original Landlord and the New
           Landlord and (2) a letter of nomination dated 31 December 2004 issued
           by Temasek Holdings (Private) Limited, a company incorporated in the
           Republic of Singapore and having its registered office at 60B Orchard
           Road #06-18 Tower 2, The Atrium @ Orchard Singapore 238891 pursuant
           to the terms of the Sale and Purchase Agreement, nominating the New
           Landlord;

     1.1.2 "EFFECTIVE DATE" means 1 January 2005;

     1.1.3 "LEASE" means the agreement for sub-licence and sub-lease dated 24
           September 1999 made between the Original Landlord and the Tenant in
           respect of the Premises;

     1.1.4 "PERSON" means a person, firm, company or corporation;

                                     - 1 -
<PAGE>
                                                           Private Lot A12787(d)

     1.1.5 "PREMISES" means all that piece of land known as Private Lot
           A12787(d) (part of Government Survey Lots 230L and 1179P) of Mukim 13
           as shown on the plan attached to the Building Agreement dated 24
           September 1999 made between Jurong Town Corporation and the Original
           Landlord; and

     1.1.6 "TERM" means 30 years (less 1 day) commencing on 1 July 1997.

1.2  General

     Headings are for convenience only and do not affect interpretation. The
     following rules of interpretation apply unless the context requires
     otherwise:

     1.2.1 the singular includes plural and conversely;

     1.2.2 a gender includes all genders;

     1.2.3 a reference to any party to this Agreement or any other agreement or
           document includes the party's successors or assigns;

     1.2.4 a reference to a right or obligation of any two or more persons
           confers that right, or imposes that obligation, on each of them
           individually and both (or all) of them together; and

     1.2.5 unless stated otherwise, one word or provision does not limit the
           effect of another.

2.   SECURITY DEPOSIT

     Each of the Original Landlord, the New Landlord and the Tenant hereby
     confirms and acknowledges that notwithstanding any agreement to the
     contrary, no rental deposit had been paid by the Tenant to the Original
     Landlord in respect of the lease by the Tenant to the Original Landlord nor
     has the Original Landlord received any rental deposits in respect of the
     lease of the Premises.

3.   NEW LANDLORD'S UNDERTAKINGS

3.1  With effect from the Effective Date, the New Landlord hereby undertakes
     with:

     3.1.1 the Original Landlord to perform the Lease and to be bound by all the
           terms, obligations, stipulations and conditions thereof in every way
           as if the New Landlord were originally named as a party to the Lease
           in lieu of the Original Landlord; and

     3.1.2 the Tenant to perform the Lease and to be bound by all the terms,
           obligations, stipulations and conditions thereof in every way as if
           the New Landlord were originally named as a party to the Lease in
           lieu of the Original Landlord,

     and the New Landlord will accordingly duly and punctually perform and
     observe all the terms, obligations, stipulations and conditions of the
     Lease on the part of the Original Landlord to be performed and observed.
     The New Landlord shall keep the Original Landlord fully indemnified against
     all claims, demands, actions, proceedings, damages, losses, costs, expenses
     and liabilities caused or contributed by any default or failure on the New
     Landlord's part to discharge and fulfil as aforesaid the Original
     Landlord's

                                     - 2 -

<PAGE>
                                                           Private Lot A12787(d)

     obligations under the Lease, to the intent that the Original Landlord shall
     be under no further obligations or liabilities to and suffer no loss or
     expense under any claim made by the Tenant in respect of the Lease.

3.2  Nothing in this Agreement shall affect the obligations and liabilities of
     the Original Landlord under the Lease which have arisen or accrued at any
     time prior to the Effective Date and all such obligations and liabilities
     which have arisen or accrued at any time prior to the Effective Date and
     the terms and conditions of the Lease applicable in relation thereto shall
     continue in full force and effect and be binding on the Original Landlord.

3.3  Nothing in this Agreement shall impose on the New Landlord any obligations
     or liabilities under the Lease which may have arisen and accrued at any
     time prior to the Effective Date.

4.   TENANT'S UNDERTAKINGS

4.1  The Tenant hereby releases and discharges the Original Landlord from the
     further performance of the Lease with effect from the Effective Date and
     from all obligations, claims, demands and liabilities whatsoever under the
     Lease arising on or after the Effective Date and the Tenant hereby accepts
     the obligations and liability of the New Landlord in lieu of the Original
     Landlord in respect of all such obligations, claims, demands and
     liabilities whatsoever under the Lease arising on or after the Effective
     Date and hereby undertakes with the New Landlord that it shall be bound by
     all the terms, obligations, stipulations and conditions of the Lease in
     every way as if the New Landlord were originally named as a party to the
     Lease in lieu of the Original Landlord.

5.   COSTS AND EXPENSES

5.1  Each party shall bear its own legal and other costs and expenses (including
     any goods and services tax thereon) in the preparation and completion of
     this Agreement.

5.2  The New Landlord shall bear the stamp duty payable on this Agreement (in
     triplicate).

6.   CONTRACTS (RIGHTS OF THIRD PARTIES) ACT

     A person who is not a party to this Agreement has no right under the
     Contracts (Rights of Third Parties) Act, Chapter 53B of Singapore to
     enforce or enjoy the benefit of any term of this Agreement.

7.   GOVERNING LAW

     This Agreement shall be governed by the laws of Singapore.

                                     - 3 -
<PAGE>
                                                           Private Lot A12787(d)

IN WITNESS WHEREOF the parties hereto have entered into this Agreement on the
day and year first abovewritten.

<TABLE>
<S>                                         <C>   <C>
SIGNED by Chia Yue Joo                      )
                                            )
for and behalf of                           )
                                            )
SINGAPORE TECHNOLOGIES PTE LTD              )     /s/ Chia Yue Joo
                                            )
in the presence of:                         )
                                            )
/s/ Lim Tchuang Cheio
---------------------

Witness's signature
Name: Lim Tchuang Cheio
Address:
Occupation: Manager, Legal

SIGNED by Yap Chwee Mein                    )
                                            )
for and behalf of                           )
                                            )
TERRA INVESTMENTS PTE. LTD.                 )     /s/ Yap Chwee Mein
                                            )
in the presence of:                         )
                                            )
/s/ Chng Yin Hun
----------------

Witness's signature
Name: Chng Yin Hun
Address:
Occupation: Associate Director, Finance

SIGNED by Chia Song Hwee                    )
                                            )
for and behalf of                           )
                                            )
CHARTERED SILICON PARTNERS PTE LTD          )     /s/ Chia Song Hwee
                                            )
in the presence of:                         )
                                            )
/s/ Chow Min Wei
----------------

Witness's signature
Name: Chow Min Wei
Address:
Occupation: Legal Counsel
</TABLE>

                                     - 4 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}]]