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Exhibit 4.50
 ASSET PURCHASE AGREEMENT
 Dated as of July 25, 2007
 Among
 STATS CHIPPAC (THAILAND) LIMITED.
 and
 STATS CHIPPAC LTD
 and
 LSI (THAI) LTD.
 And
 LSI CORPORATION




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##### Table of Contents



TABLE OF CONTENTS
 PageARTICLE I
    
    DEFINITIONS
    
    
    11.1.
    
    Definitions
    
    
    1ARTICLE II
    
    PURCHASE AND SALE
    
    
    72.1.
    
    Purchased Assets
    
    
    72.2.
    
    Excluded Assets
    
    
    82.3.
    
    No Assumption of Liabilities
    
    
    92.4.
    
    Excluded Liabilities
    
    
    92.5.
    
    Consent of Third Parties
    
    
    102.6.
    
    Basis of Transfer
    
    
    102.7.
    
    Transition Services Agreement
    
    
    10ARTICLE III
    
    PURCHASE PRICE
    
    
    113.1.
    
    Purchase Price
    
    
    113.2.
    
    Allocation of Purchase Price
    
    
    11ARTICLE IV
    
    CLOSING
    
    
    114.1.
    
    Closing Date
    
    
    114.2.
    
    Payment of Purchase Price.
    
    
    114.3.
    
    Buyers Additional Deliveries
    
    
    124.4.
    
    Sellers Deliveries
    
    
    13ARTICLE V
    
    REPRESENTATIONS AND WARRANTIES OF SELLER AND SELLER GUARANTOR
    
    
    155.1.
    
    Organization of Seller
    
    
    155.2.
    
    Subsidiaries and Investments
    
    
    155.3.
    
    Authority of Seller
    
    
    155.4.
    
    Financial Statements
    
    
    165.5.
    
    Operations Since Balance Sheet Date
    
    
    165.6.
    
    No Undisclosed Liabilities
    
    
    175.7.
    
    Taxes
    
    
    175.8.
    
    Assets
    
    
    175.9.
    
    Governmental Permits
    
    
    175.10.
    
    Real Property
    
    
    185.11.
    
    Condemnation
    
    
    185.12.
    
    Personal Property
    
    
    185.13.
    
    Personal Property Leases
    
    
    185.14.
    
    Title to Property
    
    
    185.15.
    
    Employees and Related Agreements
    
    
    185.16.
    
    Employee Relations
    
    
    195.17.
    
    Contracts
    
    
    195.18.
    
    Status of Contracts
    
    
    195.19.
    
    No Violation, Litigation or Regulatory Action
    
    
    205.20.
    
    Environmental Matters
    
    
    205.21.
    
    Insurance
    
    
    215.22.
    
    Suppliers
    
    
    21
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##### Table of Contents



TABLE OF CONTENTS
 Page5.23
    
    Intellectual Property
    
    
    215.24
    
    Disclosure
    
    
    215.25
    
    Updating to Closing
    
    
    215A
    
    Seller Guarantors Representations And Warranties
    
    
    21ARTICLE VI
    
    REPRESENTATIONS AND WARRANTIES OF BUYER AND BUYER GUARANTOR ISSUER
    
    
    226.1.
    
    Buyers Representations and Warranties
    
    
    226.2.
    
    Buyer Guarantors Representations and Warranties
    
    
    23ARTICLE VII
    
    ACTION PRIOR TO THE CLOSING DATE
    
    
    247.1.
    
    Investigation of Seller by Buyer
    
    
    247.2.
    
    Preserve Accuracy of Representations and Warranties
    
    
    247.3.
    
    Consents of Third Parties; Governmental Approvals
    
    
    247.4.
    
    Operations Prior to the Closing Date
    
    
    257.5.
    
    Notification by Seller of Certain Matters
    
    
    267.6.
    
    Insurance
    
    
    26ARTICLE VIII
    
    ADDITIONAL AGREEMENTS
    
    
    268.1.
    
    Covenant Not to Compete or Solicit Business
    
    
    268.2.
    
    Taxes.
    
    
    278.3.
    
    Discharge of Sellers Liabilities
    
    
    278.4.
    
    Employees
    
    
    278.5
    
    Seller Guarantors Gurantee
    
    
    298.6
    
    Buyer Guarantors Guarantee
    
    
    308.7
    
    Royalty Free License
    
    
    32ARTICLE IX
    
    CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER
    
    
    329.1.
    
    No Misrepresentation or Breach of Covenants and Warranties  Seller
    
    
    329.2.
    
    No Changes or Destruction of Property
    
    
    339.3.
    
    No Restraint or Litigation
    
    
    339.4.
    
    Necessary Approvals
    
    
    339.5.
    
    Necessary Consents
    
    
    339.6
    
    General Purchase Agreement
    
    
    339.7
    
    No Misrepresentation or Breach of Covenants and Warrants  Seller Guarantor
    
    
    33ARTICLE X
    
    CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER
    
    
    3310.1.
    
    No Misrepresentation or Breach of Covenants and Warranties  Buyer
    
    
    3310.2.
    
    No Restraint or Litigation
    
    
    3410.3.
    
    Necessary Approvals
    
    
    3410.4.
    
    No Misrepresentation or Breach of Covenants and Warranties  Buyer Guarantor
    
    
    34ARTICLE XI
    
    INDEMNIFICATION
    
    
    3411.1.
    
    Indemnification by Seller
    
    
    3411.2.
    
    Indemnification by Buyer
    
    
    35
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TABLE OF CONTENTS
 Page11.3.
    
    Time Limitations
    
    
    3511.4.
    
    Limitations on Amount  Seller
    
    
    3611.5.
    
    Limitation on Amount  Buyer
    
    
    3611.6.
    
    Notice of Claims
    
    
    3711.7.
    
    Third Person Claims
    
    
    3711.8.
    
    Exclusion of Certain Losses
    
    
    3811.9.
    
    Exclusive Remedy
    
    
    3811.10.
    
    No Extraordinary Damages
    
    
    3911.11.
    
    Related Agreements
    
    
    39ARTICLE XII
    
    TERMINATION
    
    
    3912.1.
    
    Termination
    
    
    3912.2.
    
    Notice of Termination
    
    
    3912.3.
    
    Effect of Termination
    
    
    39ARTICLE XIII
    
    GENERAL PROVISIONS
    
    
    4013.1.
    
    Survival of Obligations
    
    
    4013.2.
    
    Confidential Nature of Information
    
    
    4013.3.
    
    No Public Announcement
    
    
    4013.4.
    
    Notices
    
    
    4013.5.
    
    Successors and Assigns
    
    
    4413.6.
    
    Access to Records after Closing
    
    
    4413.7.
    
    Entire Agreement; Amendments
    
    
    4513.8.
    
    Interpretation
    
    
    4513.9.
    
    Waivers
    
    
    4513.10.
    
    Expenses
    
    
    4513.11.
    
    Partial Invalidity
    
    
    4513.12.
    
    Execution in Counterparts
    
    
    4613.13.
    
    Further Assurances
    
    
    4613.14.
    
    Governing Law and Submission to Jurisdiction
    
    
    4613.15.
    
    Arbitration
    
    
    4613.16.
    
    No Shop
    
    
    47Signature Page
    
    
    48
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ASSET PURCHASE AGREEMENT
 ASSET PURCHASE AGREEMENT  Agreement  STATS
CHIPPAC (THAILAND) LIMITED. Buyer STATS CHIPPAC LTD Buyer
Guarantor LSI (THAI) LTD.  Seller  LSI CORPORATION Seller Guarantor
 WHEREAS Business
 WHEREAS
 WHEREAS
 NOW, THEREFORE
 
 ARTICLE I
 
 DEFINITIONS
 1.1. Definitions Section 1.1
  Affiliate 
  Agreed Form 
  Agreement 
  Audited Financial Statements  Section 5.4
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 Balance Sheet  Section 5.4
  Balance Sheet Date 
  Building Permits 
  Business 
  Business Day 
  Buyer 
  Buyer Agreed Changes  Section 9.1
  Buyer Ancillary Agreements 
  Buyers Counsel 
  Buyer Guarantor 
  Buyer Specified Claims  Section 11.3
  Claim Notice  Section 11.6(a)
  Closing  ARTICLE IV
  Closing Date  Section 4.1
  Contaminant 
  Court Order 
  Cut-off Date  Section 11.3(a)
 2




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 Encumbrance 
  Environmental Encumbrance 
  Environmental Law 
  Excluded Assets  Section 2.2
  Excluded Liabilities  Section 2.4
  Expenses 
  General Purchase Agreement  Exhibit
D
  Governmental Body 
  Governmental Permits  Section 5.9(a)
  Identified Employees  Section 2.2(m)
  Indemnifying Party  Section 11.6(a)
  Indemnified Party  Section 11.6(a)
 Intellectual Property
 3




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Know-how
  Key Contracts  Section 9.5
  Knowledge 
  Last Instalment  Section 4.2(a)(ii)
  Losses 
  Owned Real Property  Section 5.10
  Payment Obligation  Section 8.6(a)
  Permitted Encumbrances 
  Person 
  Personal Property  Section 5.12
  Promissory Note  Section 4.2(a)(ii)
  Purchase Price  Section 3.1
 4




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 Purchased Assets  Section 2.1
  Quality Standard Certificates 
 Date/validity period
    
    Issuing Authority
    
    To whom issued
    
    General nature15 January 2007 
14 January 2010
    
    SGA
    
    Agere System
Microelectronic
(Thai) Co., Ltd
    
    ISO 9001:2000
For package
development and
assembly of
integrated circuit
products14 January 2007 
13 January 2010
    
    SGA
    
    Agere System
Microelectronic
(Thai) Co., Ltd
    
    ISO/TS 16949:2002
For package
development and
assembly of
integrated circuit
products excluding
product design
  Real Property Withholding Tax  Section 4.2(c)
  Related Agreements 
  Remaining Employees  Section 2.2(m)
  Release 
  Remedial Action 
 5




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 Requirements of Laws 
  Selected Agreements  Section 5.18
  Seller 
  Seller Agreed Changes  Section 10.1
  Seller Agreements  Section 5.17
  Seller Ancillary Agreements 
  Seller-borne Bonus Payments  Section 8.4(e)
  Sellers Counsel 
  Seller Guarantor 
  Seller Specified Claims  Section 11.3(b)
  Software 
  Supply Chain Management Materials 
  Tangible Property 
  Tax 
 6




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 Tax Return 
  Thai Baht   Baht 
  Transferred Employees  Section 8.4
  Transferred Employees Bonus Payments  Section
8.4(e)
 Transfer of Employment Agreement  Transfer of
Employment Agreements
  Transition Services Agreement  Exhibit A
  US Dollars   US$   $ 
 
 ARTICLE II
 PURCHASE AND SALE
 
 2.1. Purchased Assets  Purchased Assets 
      7




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2.2. Excluded Assets Section 2.1  Excluded
Assets 
           Section 8.4
 8




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##### Table of Contents



 Identified Employees   Remaining Employees 
     
 2.3. No Assumption of Liabilities
   Section 4.2(b)
    
 2.4. Excluded Liabilities Section 2.3  Excluded Liabilities 
  9




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2.5. Consent of Third Parties
 
 2.6 Basis of Transfer .
 
 2.7 Transition Services Agreement .
 10




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ARTICLE III
 PURCHASE PRICE
 
 3.1. Purchase Price  Purchase
Price 
 
 3.2. Allocation of Purchase Price Schedule 3.2
 
 ARTICLE IV
 CLOSING
 
 4.1. Closing Date ARTICLES
IX X  Closing
Date 
 
 4.2. Payment of Purchase Price
  Schedule 4.2
 Exhibit B Section 4.2(d)
 11




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Last Instalment Section 4.2(d) Promissory
Note
  Section 4.2(d)(i) Real Property Withholding Tax
      
 4.3. Buyers Additional Deliveries ARTICLE IX
   12




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4.4. Sellers Deliveries ARTICLE X
    13




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14




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ARTICLE V
 REPRESENTATIONS AND WARRANTIES OF SELLER AND SELLER GUARANTOR
  
 5.1. Organization of Seller
   
 5.2. Subsidiaries and Investments Schedule 5.2
 
 5.3. Authority of Seller
   15




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5.4. Financial Statements  Audited Financial Statements   Balance Sheet 
 
 5.5. Operations Since Balance Sheet Date
        16




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5.6. No Undisclosed Liabilities .
 
 5.7. Taxes
 
 5.8. Assets
    
 5.9. Governmental Permits
  Governmental Permits  5.9
  17




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5.10. Real Property Schedule 5.10  Owned
Real Property 
 
 5.11. Condemnation
 
 5.12. Personal Property Schedule 5.12  Personal Property 
 
 5.13. Personal Property Leases Schedule 5.13
 
 5.14. Title to Property Section
4.4
 
 5.15. Employees and Related Agreements
   18




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5.16. Employee Relations Schedule 5.16 Schedule 5.16
 
 5.17. Contracts Schedules 5.13 and 5.17  Seller Agreements  at such date
 
 5.18. Status of Contracts Schedule 5.18  Selected Agreements 
 19




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5.19. No Violation, Litigation or Regulatory Action Schedule 5.19
      
 5.20. Environmental Matters Schedule 5.20
       20




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5.21. Insurance Schedule 5.21
 
 5.22. Suppliers Schedule 5.22 Schedule 5.22
 
 5.23. Intellectual Property . Schedules 2.1(h) and 5.23
 
 5.24. Disclosure . Schedules
 
 5.25. Updating to Closing . ARTICLE V
 
 5A. Seller Guarantors Representations And Warranties .
  21




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ARTICLE VI
 REPRESENTATIONS AND WARRANTIES OF BUYER AND BUYER GUARANTOR ISSUER
 
 6.1. Buyers Representations and Warranties
   22




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6.2. Buyer Guarantors Representations and Warranties
     23




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ARTICLE VII
 ACTION PRIOR TO THE CLOSING DATE
  
 7.1. Investigation of Seller by Buyer
   
 7.2. Preserve Accuracy of Representations and Warranties ARTICLE V VI Schedule 5.19
 
 7.3. Consents of Third Parties; Governmental Approvals
  24




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7.4. Operations Prior to the Closing Date
    Schedule 5.10
    25




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7.5. Notification by Seller of Certain Matters
 
 7.6. Insurance Schedule 5.21
 
 ARTICLE VIII
 ADDITIONAL AGREEMENTS
 
 8.1. Covenant Not to Compete or Solicit Business
   provided however Section 8.1 Section 8.1 Section 8.1
 26




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Section 8.1 Section 8.1 Section 8.1 Section 8.1
 
 8.2. Taxes
    
 8.3. Discharge of Sellers Liabilities
 
 8.4. Employees
  27




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Transferred Employee
     Transferred Employees Bonus Payments   Seller-borne Bonus Payments 
 28




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8.5. Seller Guarantors Guarantee
 Section 8.5
  Section 8.5(a)
   29




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Section 8.5 Section 8.5
 (i)
    
    any right to receive a demand or notice of
non-performance or other default, in respect of any of Sellers
liabilities guaranteed hereunder;(ii)
    
    any requirement that Seller must first be
called upon to perform its obligations to Buyer even if it could be
proved that Seller has the means to perform its obligations;(iii)
    
    any requirement that Buyer prior to
exercising any right under this guarantee takes proceedings or
exercises any rights or remedies (including the making or filing of
any claim or proof in any winding up, dissolution, bankruptcy or debt
restructuring) against Seller or any other person, property or
security, including any other guarantor or person liable for any part
of the obligations of Seller hereby guaranteed;(iv)
    
    any right that Seller Guarantor may have to
raise defences to which Seller may be entitled against Buyer
including any defence that Seller or its representatives may have
lacked the capacity or authority to incur all or any of the
obligations of Seller or may have incurred all or any of such
obligations by mistake;(v)
    
    the absence of, or any lack of formality or
irregularity in the corporate powers of Seller or the exercise
thereof;(vi)
    
    any right of subrogation with regard to the
obligations of Seller until Buyer shall have received performance in
full thereof; and(vii)
    
    any defence or right consequent upon any
extension of time granted by Buyer in exercising any right against
Seller.
 
 8.6. Buyer Guarantors Guarantee
  30




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 Payment Obligation 
       Section 8.6 Section 8.6
  31




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(ii)
    
    any requirement that Buyer must first be
called upon to perform its obligations to Seller even if it could be
proved that Buyer has the means to perform its obligations;(iii)
    
    any requirement that Seller prior to
exercising any right under this guarantee takes proceedings or
exercises any rights or remedies (including the making or filing of
any claim or proof in any winding up, dissolution, bankruptcy or debt
restructuring) against Buyer or any other person, property or
security, including any other guarantor or person liable for any part
of the obligations of Buyer hereby guaranteed;(iv)
    
    any right that Buyer Guarantor may have to
raise defences to which Buyer may be entitled against Seller
including any defence that Buyer or its representatives may have
lacked the capacity or authority to incur all or any of the
obligations of Buyer or may have incurred all or any of such
obligations by mistake;(v)
    
    the absence of, or any lack of formality or
irregularity in the corporate powers of Buyer or the exercise
thereof;(vi)
    
    any right of subrogation with regard to the
obligations of Buyer until Seller shall have received performance in
full thereof; and(vii)
    
    any defence or right consequent upon any
extension of time granted by Seller in exercising any right against
Buyer.
 
 8.7. Royalty Free License . Schedule 2.1(h)
 
 ARTICLE IX
 CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER
  
 9.1. No Misrepresentation or Breach of Covenants and Warranties  Seller ARTICLE V
 32




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Section
7.4 Buyer Agreed Changes
 
 9.2. No Changes or Destruction of Property
 
 9.3. No Restraint or Litigation
 
 9.4 Necessary Approvals Schedule 9.4
 
 9.5 Necessary Consents Schedule
9.5 Key Contracts
 
 9.6 General Purchase Agreement
 
 9.7 No Misrepresentation or Breach of Covenants and Warranties  Seller Guarantor Section 5A
 
 ARTICLE X
 CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER
  
 10.1. No Misrepresentation or Breach of Covenants and Warranties  Buyer
 33




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Section
6.1  Seller Agreed Changes 
 
 10.2. No Restraint or Litigation
 
 10.3. Necessary Approvals Schedule 9.4
 
 10.4. No Misrepresentation or Breach of Covenants and Warranties  Buyer Guarantor Section 6.2
 
 ARTICLE XI
 INDEMNIFICATION
 
 11.1. Indemnification by Seller
   ARTICLE V
 Section 2.3
  34




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11.2. Indemnification by Buyer
   ARTICLE VI
  ARTICLE XI
 
 11.3. Time Limitations
  Cut-off Date   Buyer Specified Claims )
 35




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 Seller
Specified Claims 
 
 11.4. Limitations on Amount  Seller
 ARTICLE XI Losses and Expenses
  
 11.5. Limitation on Amount  Buyer
  Losses and
Expenses 
 .
 36




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11.6. Notice of Claims
 Indemnified Party Indemnifying
Party Claim Notice
  
 11.7. Third Person Claims
    37




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11.8. Exclusion of Certain Losses
       
 11.9. Exclusive Remedy
  38




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11.10. No Extraordinary Damages .
 
 11.11. Related Agreements ARTICLE XI
 
 ARTICLE XII
 TERMINATION
 
 12.1. Termination
   ARTICLE IX
 ARTICLE X
 
 12.2. Notice of Termination Section 12.1
 
 12.3. Effect of Termination ARTICLE XII Sections 13.2 13.10
 39




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ARTICLE XIII
 GENERAL PROVISIONS
 
 13.1. Survival of Obligations ARTICLE XI
 
 13.2. Confidential Nature of Information provided however
 
 13.3. No Public Announcement provided
 
 13.4. Notices
   40




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STATS ChipPAC (Thailand) Limited
  STATS ChipPAC Ltd.
  STATS ChipPAC Ltd.
  STATS ChipPAC Ltd.
 41




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STATS ChipPAC Ltd.
  STATS ChipPAC Ltd.
  LSI (Thai) Ltd.
  LSI Corporation
  42




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Sidley Austin LLP
  LSI Corporation
  LSI (Thai) Ltd.
  Sidley Austin LLP
  43




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Section
    
 13.5. Successors and Assigns Section 13.5
 
 13.6. Access to Records after Closing Section 13.6
 44




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Section 13.6
 
 13.7. Entire Agreement; Amendments Schedules
 
 13.8. Interpretation Schedules
 
 13.9. Waivers
 
 13.10. Expenses
 
 13.11. Partial Invalidity
 45




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13.12. Execution in Counterparts
 
 13.13. Further Assurances provided however Section 7.3
 
 13.14. Governing Law and Submission to Jurisdiction
 
 13.15. Arbitration
  Officer
 46




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Rules
      
 13.16. No Shop
  IN WITNESS WHEREOF
 47




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SIGNATURE PAGE
(Asset Purchase Agreement)
 BUYER
 STATS CHIPPAC (THAILAND) LIMITED.
 By
    /s/  Ronachai KrisadaolarnName: Ronachai KrisadaolarnTitle: Director BUYER GUARANTOR
 STATS CHIPPAC LTD.
 By
    /s/  Tan Lay KoonName: Tan Lay KoonTitle: Chief Executive Officer In the presence of:/s/  Janet TaylorName: Janet TaylorTitle: General Counsel 48




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SELLER
 LSI (THAI) LTD.
 By
    /s/  Paul BentoName: Paul BentoTitle: Director  /s/  JoAnne LamendolaName: JoAnne LamendolaTitle: Notary SELLER GUARANTOR
 LSI CORPORATION
 By
    /s/  Andrew MicallefName: Andrew MicallefTitle: Executive Vice President 49