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                                                                   EXHIBIT 10.52

                                LICENSE AGREEMENT

         This License Agreement ("Agreement") effective as of September 8, 1999
("Effective Date"), is made by and between LSI Logic Corporation, a Delaware
corporation ("LSI"), and ChipPac Limited, a British Virgin Islands corporation
("ChipPac") (each of whom is individually sometimes referred to as a "Party" and
both of whom are collectively sometimes referred to as "Parties").

                                    RECITALS

         This Agreement is made with reference to the following facts and
circumstances:

         A. Whereas LSI wishes to license to ChipPac certain Packaging
Technology (as defined below) pertaining to Flip Chips (as defined below), and
ChipPac wishes to obtain such a license, according to the terms and conditions
set forth herein.

         B. Whereas LSI wishes to obtain certain packaging services from ChipPAC
or ChipPAC Affiliates, and ChipPAC wishes to cause its Affiliates to provide
such services, according to the terms and conditions set forth herein.

                                    AGREEMENT

         NOW, THEREFORE, in consideration of the foregoing recitals and the
terms, covenants and conditions contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties agree as follows:

1.    DEFINITIONS AND RULES OF CONSTRUCTION

        DEFINITIONS.  In addition to the terms  defined  elsewhere  in this
Agreement,  the  following  words and expressions shall have the meanings set
forth below:

        Section 1.1 "Affiliate" of a Party means, any corporation, limited
liability company, partnership or other business enterprise:

                 (a) which owns or controls, directly or indirectly, fifty
percent (50%) or more of the voting rights with respect to the election of
directors or managers, or which has practical control directly or indirectly, of
any Party to this Agreement;

                 (b) of which fifty percent (50%) or more of the voting rights
with respect to the election of directors or managers is owned or controlled,
directly or indirectly, by, or which is under the practical control directly or
indirectly of, any Party to this Agreement; or

                 (c) of which fifty percent (50%) or more of the total voting
rights with respect to the election of directors or managers is owned or
controlled, directly or indirectly, by, or which is under the practical control
directly or indirectly of, any corporation, limited liability company,
partnership or other business enterprise qualifying under subsections (a) or (b)
above.

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Any corporation, limited liability company, partnership or other business
enterprise which would at any time an Affiliate of LSI or ChipPac by reason of
the foregoing, shall be considered an Affiliate for purposes of this Agreement
only for so long as the foregoing conditions are met.

     Section 1.2 "ChipPac Improvements" means any Improvements associated with
licensed Product Flip Chip (defined in Section 1.6) which are invented,
developed, discovered or otherwise acquired by ChipPac during the term of the
Agreement.

     Section 1.3 "Applicable Improvements" means any Improvements which are
invented, developed, discovered or otherwise acquired by LSI before January 1,
2004.

     Section 1.4 "Claim" is defined in Section 9.1.

     Section 1.5 "Confidential Information" means (i) the Technical Information
and (ii) information disclosed by either party, if disclosed in writing, that is
identified and marked as confidential (or with words of similar import) at the
time of its disclosure or which, if disclosed verbally, is designated
confidential at the time of disclosure and is summarized and identified as
confidential in a writing delivered to the receiving party on or before thirty
(30) days after the disclosure; provided that Confidential Information shall in
no event include any information that: (a) was known to the receiving party
prior to its receipt hereunder; (b) is or becomes publicly available without
breach of this Agreement; (c) is received from another without obligation of
confidentiality to the disclosing party and without breach of this Agreement; or
(d) is disclosed by the disclosing party to anther without an obligation of
confidentiality.

     Section 1.6 "Flip Chip" means a semiconductor device assembly characterized
by having all of the following elements: (i) an organic substrate with a top
surface and a bottom surface; (ii) a semiconductor die with an active surface
and an opposing top surface; (iii) solder bumps formed on the active surface of
the semiconductor die and mounted to the top surface of the organic substrate;
(iv) underfill epoxy disposed between the solder bumps and the organic
substrate; (v) solder balls (output leads) formed on the bottom surface of the
organic substrate; (vi) a stiffener disposed around the periphery of the top
surface of the substrate, the stiffener not being in contact with the
semiconductor die; and (vii) a head spreader with a top surface and a bottom
surface, the bottom surface lying substantially parallel to the top surface of
the substrate, the bottom surface resting upon the stiffener (either directly or
through an epoxy or the like), the bottom surface in thermal contact with the
top surface of the semiconductor die (either by being in direct contact or being
in contact through grease or the like).

     Section 1.7 "Improvements" means all developments, enhancements,
modifications or betterments that may be made in the Packaging Technology or
Technical Information, or that is otherwise useful with respect to the
manufacture or design of a CSP, whether or not patented, patentable, copyrighted
or copyrightable.

     Section 1.8 "Initial  Qualification"  means completing LSI's  subcontractor
qualification requirements for a Flip Chip.

     Section 1.9 "Intellectual Property Rights" means (a) all Patent Rights; (b)
all copyrights and all other literary property and author rights, and all
rights, title and interest in and to all

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copyrights, copyright registrations certificates of copyrights and copyrighted
interests; and (c) all rights, title and interest in and to all trade secrets
and trade secret rights.

     Section 1.10 "Licensed Product" means a Flip Chip with at least 200 solder
balls (output leads for coupling to a printed circuit board).

     Section 1.11 "LSI's Intellectual Property Rights" means all Intellectual
Property Rights owned by LSI or licensed to LSI with the right to grant
sublicenses thereunder without payment of royalties, in and to the Packaging
Technology and/or the Technical Information.

     Section 1.12 "Packaging Technology" means LSI's technology for use in
packaging integrated circuits as described in the Technical Information.

     Section 1.13 "Patent Rights" means any patent rights, letters patent and
applications for letters patent, or other government-issued or granted indicia
of invention ownership, including any reissue, division, term extension,
continuation or continuation-in-part.

     Section 1.14 "Technical Information" means the materials described in
Exhibit A.

2.   LICENSE AND TECHNOLOGY TRANSFER

     Section 2.1 LICENSE GRANT. Subject to the terms and conditions of this
Agreement, LSI agrees to grant and does hereby grant to ChipPac, a personal,
non-exclusive, non-transferable right and license (with the right to grant
sublicenses to the Manufacturing Companies as specified in Section 2.4) under
LSI's Intellectual Property Rights to use the Packaging Technology and the
Technical Information and Applicable Improvements for the purposes of
manufacturing, using, selling and importing CSPs worldwide. The foregoing
license, subject to the applicable terms and conditions of this Agreement,
including without limitation Sections 2.3, 2.4, 2.5, 2.7 and Section 13, shall
become perpetual, irrevocable and fully paid up upon any termination of this
Agreement by LSI if, prior to the date of termination, ChipPAC has paid LSI
[redacted*] according to Section 5.3. The foregoing license, subject to the
applicable terms and conditions of this Agreement, including without limitation
Sections 2.3, 2.4, 2.5, 2.7 and Section 13, shall become perpetual, irrevocable
and fully paid up upon: (i) payment by CHIPPAC of all fees due under Section 5
(including [redacted*] pursuant to Section 5.2), or January 1, 2004, whichever
is earlier (provided that as of January 1, 2004, CHIPPAC is not in breach of
this Agreement); or (ii) any termination of this Agreement by LSI prior to
January 1, 2004, so long as CHIPPAC has paid LSI [redacted*] according to
Section 5.3.

     Section  2.2  EXCLUSIVITY.  The  license  set forth in Section 2.1 shall be
non-exclusive  except  as otherwise  explicitly  provided  in this Section 2.2.

              (a) Provided that CHIPPAC uses reasonable diligence to implement
the Packaging Technology, LSI shall not grant any third party in addition to
those licensed as of the Effective Date the right to use before May 1, 2000 any
material portion of the Packaging Technology for the purpose of manufacturing
Flip Chips. However, LSI will have the right at any time to provide the Package
Technology to any third party for the purposes of technology transfer and
qualification.

_______________________
* Confidential treatment requested.


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     Section 2.3 NO SUBLICENSES; NO RIGHTS IN TRADEMARKS; NO IMPLIED LICENSES.
The license granted pursuant to Section 2.1 shall not be sublicensed by ChipPac,
other than to Manufacturing Companies as specified in Section 2.4, and will
convey no right to ChipPac to use or register any trademarks, service marks, or
trade names of LSI or of its Affiliates. Nothing herein shall be construed as
committing LSI to convey to ChipPac either expressly or by implication, any
right under any letters patent or other Intellectual Property Rights of LSI, or
any right to use any Technical Information, except as explicitly set forth in
Section 2.1

     Section 2.4 HAVE MADE RIGHTS EXCLUDED. "Have-made" rights are not included
in the license granted under Section 2.1. Accordingly, ChipPac shall not have
the right to have Licensed Products made for it by a third party (including,
without limitation, any Affiliate of CHIPPAC) at a third party's manufacturing
facility or elsewhere without the prior written approval of LSI, which approval
LSI may not unreasonably withhold. Notwithstanding the foregoing, this provision
shall not preclude ChipPac Korea, Limited, ChipPAC Shanghai, Limited and ChipPac
U.S.A. (the "Manufacturing Companies") from making the Licensed Products for
CHIPPAC provided that before CHIPPAC provides the Manufacturing Companies with
any Packaging Technology, the Manufacturing Companies agree in writing to terms
and conditions no less protective of LSI than those set forth herein, including,
without limitations, Sections 2.1, 2.3, 2.4, 2.5, 2.7, 3, 6, 7, 8, 9.1, 9.2, 9.3
and 9.4. CHIPPAC shall be fully liable to LSI for any breach by the
Manufacturing Companies of such terms and conditions.

     Section 2.5 MARKING. ChipPac shall comply with all pertinent patent marking
statutes with respect to any patents that are part of LSI's Intellectual
Property, provided that LSI provides adequate information to ChipPac to enable
ChipPac to comply with such statutes.

     Section 2.6 TECHNOLOGY TRANSFER. Within 30 days of the Effective Date, LSI
will begin to provide CHIPPAC with a copy of the Technical Information
("Technology Transfer"). LSI will provide CHIPPAC with the services of up to 3
engineers for up to a total of 3 months per engineer to assist CHIPPAC with
implementing the Packaging Technology at CHIPPAC's facilities, ChipPac Korea,
Limited and/or ChipPac Shanghai, Limited. Notwithstanding the foregoing, in no
event shall LSI be required to incur fully burdened costs (including employee
time, lodging, and other associated travel costs) associated with such
Technology Transfer in excess of [redacted*]. The parties will use commercially
reasonable efforts to complete the Technology Transfer by July 31, 2000. In
addition to the services described above, LSI will provide a reasonable amount
of support with respect to CHIPPAC's use of the Packaging Technology at
CHIPPAC's United States and offshore facilities before Initial Qualification.
Such support shall include telephone support but in no event shall LSI be
required to provide its personnel at CHIPPAC's facilities in connection with
such support.

     Section 2.7 OWNERSHIP. As between the Parties, LSI shall retain ownership
of the Packaging Technology, Technical Information, and all of LSI's
Intellectual Property Rights.

     Section 2.8 ADVERTISING AND SALE LIMITATIONS. CHIPPAC shall not (i)
publicly advertise before October 1, 1999 or disclose to potential customers
before October 1, 1999 that it has a license to the Packaging Technology, and
(ii) CHIPPAC shall not accept orders before October 1, 1999 for prototype or
production Flip Chips made with the Packaging Technology.

_______________________
* Confidential treatment requested.


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3.   IMPROVEMENTS

     ChipPac hereby grants LSI a non-exclusive, fully paid-up, royalty-free,
perpetual, irrevocable, worldwide license under all pertinent Intellectual
Property Rights in and to ChipPac Improvements to make, have made, use and sell
packaging for semiconductor products, with the right to grant sublicenses
therefore to any one or more of LSI's Affiliates and to persons that do not
compete with ChipPac or its Affiliates. Upon LSI's request, ChipPac will provide
LSI with all pertinent know-how regarding any "ChipPac Improvements."

4.   PACKAGING SERVICES

     Section 4.1 PURCHASE COMMITMENT. Subject to the terms and conditions of
this Agreement, LSI agrees that it will purchase from CHIPPAC packaging services
for [redacted*] of the Flip Chips required by LSI to be delivered to LSI's
customers during the [redacted*] ("Purchase Commitment"). The Purchase
Commitment is conditioned on: (i) CHIPPAC at all times remaining competitive
with respect to price, quality and turn around time; and (ii) the Parties
reaching mutual agreement with respect to terms and conditions that will govern
the purchase of Flip Chip packaging services (collectively, the "Commitment
Conditions"). In the event that CHIPPAC is unable to meet all of the Commitment
Conditions with respect to any part of the Purchase Commitment, LSI will have
the right to use a third party (or itself) for such part of the Purchase
Commitment.

     Section 4.2 SUPPLY COMMITMENT. Subject to the terms and conditions of this
Agreement, CHIPPAC agrees to satisfy the Purchase Commitment (as defined in
Section 4.1) ("Supply Commitment") provided that LSI supplies CHIPPAC each
calendar quarter with a non-binding forecast that is a good faith estimate of
LSI's total monthly Flip Chip requirements for the then remaining portion of the
[redacted*].

5.   FEES; REPORTS AND PAYMENT

     CHIPPAC's fees under this Agreement, which shall in no case exceed
[redacted*] in the aggregate, shall be payable to LSI as follows:

     Section 5.1 PAYMENTS FOR TECHNOLOGY TRANSFER SERVICES. CHIPPAC shall pay
LSI [redacted*] by October 30, 1999 and [redacted*] by January 30, 2000 in
return for the services to be provided by LSI pursuant to Section 2.6.

     Section 5.2 FEES. In consideration of the right and license to use the
Packaging Technology and Applicable Improvements and the associated Technical
Information granted in Section 2.1, CHIPPAC shall pay to LSI:

              (a) U.S. [redacted*] within the thirty (30) day period beginning
with the date that process certification is completed and that assembly of
qualification materials begins. Process certification is defined as the
implementation of materials and process recipes into the CHIPPAC equipment set
and demonstration of product conformance to physical parameters as specified in
LSI's Flip Chip corporate specifications covering buildup, microlam and 4 layer
Packaging Technologies.

_____________________
*Confidential treatment requested.


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              (b) U.S. [redacted*] within the thirty (30) day period beginning
with the date that Initial Qualification occurs, including U.S. [redacted*] for
qualification of build-up packaging for Packaging Technology, U.S. [redacted*]
for qualification of microlam technology for Packaging Technology, and U.S.
[redacted*] for qualification of 4 layer technology for Packaging Technology.

              (c) for the first eight customer products (which may be from the
same customer), U.S. [redacted*] the thirty (30) day period beginning with the
date that the customer first qualifies CHIPPAC to produce Flip Chip packaging
for a particular product, which qualification shall be deemed to have occurred
no later than the first day such customer places an order with CHIPPAC to
provide Flip Chip packaging for such product, or [redacted*] by June 30, 2000,
whichever comes first.

     Section 5.3 LICENSE FEES. In consideration of the right and license to use
the Packaging Technology and Applicable Improvements and the associated
Technical Information granted in Section 2.1, CHIPPAC shall pay to LSI for
Licensed Products manufactured and used by CHIPPAC or the Manufacturing
Companies (as defined in Section 2.4) or provided by CHIPPAC or the
Manufacturing Companies (as defined in Section 2.4) to any third party a
deferred license fee in the amount of U.S. [redacted*] per solder ball (output
lead for coupling to a printed circuit board) on each such Licensed Product
(excluding Licensed Products produced by CHIPPAC for LSI). In no event shall
license fees due pursuant to this Section exceed U.S. [redacted*] ("License
Cap"). Further, no license fees will be due for Licensed Products manufactured
by CHIPPAC on and after January 1, 2004.

     Section 5.4 REPORTS; PAYMENTS. On or before the thirtieth (30th) day of
each January, April, July and October, and on or before the thirtieth (30th) day
of the month next following the month which includes the effective date of the
early termination of this Agreement (a "Payment Date"), CHIPPAC shall deliver to
LSI a written report in the English language, in form satisfactory to LSI,
showing (a) the unit quantity and number of solder balls (output leads for
coupling to a printed circuit board) of the various types of Licensed Products
manufactured, used or sold by CHIPPAC during the preceding calendar quarter or
portion thereof; and (b) the calculation of license fees due thereon (such
report being referred to hereinafter as a "Statement of Account"). Said
Statement of Account shall be accompanied by LSI's wire transfer of immediately
available funds in payment of the license fees due. All calculations and
payments of license fees shall be in U.S. dollars.

     Section 5.5 INTEREST ON LATE PAYMENTS. Any license fee payment not received
by LSI in immediately available funds by the fifth (5th) day following any
Payment Date (as defined in Section 5.4) shall bear interest from the applicable
Payment Date until paid in full by CHIPPAC to LSI at the annual rate equal to
prime + 3/4%; provided, however, that in no event shall such interest rate
exceed the highest rate permissible under applicable law.

     Section 5.6 TAXES. All taxes imposed as a result of any payments made
pursuant to this Section 5.6 shall be paid by the Party required to do so by
applicable law; provided, however, that if so required by applicable law and any
relevant tax treaty, ChipPac shall (a) withhold the amount of any national or
federal income taxes levied by the government in question, on the payments to be
made pursuant to this Section 5.6, and (b) promptly effect

___________________
* Confidential treatment requested.


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payment thereof to the appropriate taxing authorities; and (c) transmit to LSI
officials tax receipts or other evidence issued by said appropriate taxing
authorities sufficient to enable LSI to support a claim for the appropriate
income tax credit in respect of any such taxes so withheld and paid to the
governments in question.

6.   RECORDS; INSPECTIONS AND AUDITS

     Section 6.1 RECORDS. CHIPPAC shall keep complete and accurate records and
books of account in accordance with United States generally accepted accounting
principles, consistently applied, containing all information and data required
for the computation and verification of the amounts to be paid to LSI hereunder.
CHIPPAC shall retain such records and books for a period of two (2) years
following termination of this Agreement; provided that if any litigation,
arbitration, judicial reference or other legal proceeding is commenced during
any such retention period CHIPPAC shall retain such records and books until the
conclusion of such litigation, arbitration, judicial reference or other legal
proceeding.

     Section 6.2 INSPECTIONS AND AUDITS. No more than once per year, LSI shall
have the right, through an accounting firm selected by LSI, which shall be a
public accounting firm nationally recognized in the United States (the
"Accountants"), to inspect, audit, or copy during ordinary working hours the
records and books referred to in Section 6.1 and to interview the employees,
agents and accountants of CHIPPAC responsible for the preparation and
maintenance of such records and books, for the purpose of determining whether a
payment pursuant to Section 5.2 is due and/or verifying the accuracy of (i) such
records and books, and (ii) any license fee payment made under this Agreement.
Such Accountants shall agree to standard confidentiality provisions. Such
inspections or audits shall be conducted at LSI's expense; provided, however, if
an inspection or audit discloses material variations resulting in underpayment
of license fees by CHIPPAC of greater than 7.5% of the amounts due under Section
5 during the one year period preceding the audit date, as reasonably determined
by such Accountants in good faith, CHIPPAC shall be obligated to reimburse LSI
for all costs and expenses of the inspection or audit (and interest on the
underpayment). Notwithstanding anything to the contrary above, LSI's right to
inspect of audit CHIPPAC's records and reports shall expire two (2) years after
termination of this Agreement by lapse of time or otherwise; provided that if
any litigation, arbitration, judicial reference or other legal proceeding is
commenced during such two year period, LSI's audit and inspection rights shall
remain in effect until the conclusion of such litigation, arbitration, judicial
reference or other legal proceeding.

7.   WARRANTIES AND REPRESENTATIONS

     Section 7.1 GENERAL WARRANTIES AND REPRESENTATIONS. Each Party warrants and
represents to, and covenants with, the other Party that all corporate action
necessary for the authorization, execution and delivery of this Agreement by
such Party and the performance of its obligations hereunder has been taken.

     Section 7.2 DISCLAIMER. EXCEPT AS OTHERWISE PROVIDED IN SECTION 7.3, LSI
DISCLAIMS ANY AND ALL EXPRESS WARRANTIES, INCLUDING BUT NOT LIMITED TO ANY
IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR
NONINFRINGEMENT, PERTAINING TO THE

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PACKAGING TECHNOLOGY, TECHNICAL INFORMATION, OR ANY OTHER TECHNOLOGY PROVIDED BY
LSI HEREUNDER. Without limiting the foregoing, nothing in this Agreement shall
be deemed to be a warranty or representation, either express or implied, that:
(i) LSI or its Affiliates will continue to develop the Packaging Technology; and
(ii) that LSI will enforce LSI's Intellectual Property Rights against any third
party; or (iii) except as provided in Section 7.3, the exercise of CHIPPAC's
rights hereunder will not infringe any intellectual property rights (including,
without limitation, patent rights). LSI shall have no liability whatsoever to
ChipPac in the event that ChipPac is unable to successfully implement the
Packaging Technology.

     Section 7.3 LIMITED INTELLECTUAL PROPERTY WARRANTIES. LSI warrants and
represents to ChipPac that as of the Effective Date for the Packaging
Technology, (i) the Packaging Technology and the associated Technical
Information do not impermissibly include any trade secrets or copyrighted
material of any third party; and (ii) no third party has notified LSI that the
Packaging Technology infringes its patents. To the extent LSI owns a patent that
is part of LSI's Intellectual Property Rights, LSI has the right to license such
patent pursuant to this Agreement. ChipPac warrants and represents to LSI that
any and all ChipPac Improvements provided by ChipPac to LSI will not
impermissibly include any trade secrets or copyrighted material of any third
party.

8.   LIMITATION ON DAMAGES

         NEITHER PARTY SHALL BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL OR
CONSEQUENTIAL LOSS OR DAMAGE (INCLUDING, WITHOUT LIMITATION, LOSS OF PROFITS AND
LOSS OF USE) SUFFERED BY THE OTHER PARTY ARISING FROM OR RELATING TO THE
PERFORMANCE, NON-PERFORMANCE, BREACH OF OR DEFAULT UNDER A COVENANT, WARRANTY,
REPRESENTATION, TERM OR CONDITION OF THIS AGREEMENT, PROVIDED THAT THE FOREGOING
SHALL NOT APPLY TO ANY BREACH BY CHIPPAC OF THE LICENSE GRANTED HEREIN OR THE
IMPROPER USE OR DISCLOSURE BY CHIPPAC OR ITS AFFILIATES OF THE PACKAGING
TECHNOLOGY TECHNICAL INFORMATION, AND/OR APPLICABLE IMPROVEMENTS. LSI'S
AGGREGATE LIABILITY ARISING FROM OR RELATING TO LSI'S PERFORMANCE,
NON-PERFORMANCE, BREACH OF OR DEFAULT UNDER A COVENANT, WARRANTY,
REPRESENTATION, TERM OR CONDITION OF THIS AGREEMENT, SHALL NOT EXCEED THE
PAYMENTS IT HAS RECEIVED FROM CHIPPAC HEREUNDER. EXCEPT AS EXPLICITLY SET FORTH
ABOVE, THE LIMITATIONS ON LIABILITY AND DAMAGES SET FORTH ABOVE APPLY TO ALL
CAUSES OF ACTION THAT MAY BE ASSERTED HEREUNDER, WHETHER SOUNDING IN BREACH OF
CONTRACT, BREACH OF WARRANTY, TORT, PRODUCT LIABILITY, NEGLIGENCE OR OTHERWISE.
IN NO EVENT SHALL LSI BE LIABLE FOR THE COST OF PROCUREMENT OF SUBSTITUTE
TECHNOLOGY.

9.   THIRD PARTY CLAIMS

     Section 9.1 INTELLECTUAL PROPERTY RIGHTS.
                 ----------------------------

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              (a) Subject to the limitations set forth in Section 8 and in this
Section 9.1, each Party ("Defending Party") shall defend and settle any claim,
demand, cause of action, loss, damage, liability, fine, penalty, cost or expense
(each, a "Claim") brought against the other Party ("Defended Party") arising our
of a breach of the Defending Party's warranties and representations set forth in
Section .3 and pay all damages to the extent attributable to such breach that
are awarded pursuant to such Claims. As a condition of the Defending Party's
obligations set forth in the preceding sentence, the Defended Party shall give
the Defending Party prompt written notice of any such Claims as described in the
first sentence of this Section, full authority to defend and settle such Claims
and all reasonable assistance to the Defending Party (at the Defending Party's
expense) as may be requested by Defending Party.

              (b) If, as a result of a Claim for which LSI is the Defending
Party, ChipPac becomes enjoined from using the Packaging Technology or if LSI
reasonably believes such a Claim may be initiated: (a) LSI shall at its election
(i) procure for ChipPac the right to use the Packaging Technology; (ii) provide
ChipPac with replacement technology (which shall become Packaging Technology)
that is non-infringing that is a reasonable substitute for the infringing
Packaging Technology; or (iii) if neither (i) nor (ii) is commercially feasible,
refund all payments made under Section 5. In cases (ii) and (iii) above, ChipPAC
will immediately cease using the Packaging Technology in question upon receiving
written notice from LSI. In the case where ChipPAC is the Defending party, the
Defended Party shall include LSI's Affiliates and any third party whom LSI has
provided the ChipPAC Improvement in question pursuant to Section 3.

     Section 9.2 EXCLUSIONS. LSI shall have no obligation except as set forth
above in this Section 9 arising out of or relating to the continued use of any
infringing technology after LSI has provided ChipPac with written notice
pursuant to Section 7.1 to cease such use.

     Section 9.3 NOTICE. Each Party ("Notifying Party") shall provided the other
Party ("Notified Party") with written notice promptly after learning of any
allegations that the Notifying Party's use or exploitation of any technology
provided by the Notified Party hereunder infringes or misappropriates any third
party's Intellectual Property Rights. To the extent that any Claims arising our
of such allegations do not arise out of the Notified Party's warranties pursuant
to Section 7.3, the Notified Party shall have the right, but not the obligation,
to assist in the defense of any such Claims. If LSI is the Notified Party, LSI
will (i) provide ChipPac with all pertinent information regarding LSI's creation
of the Packaging Technology and (iii) make the pertinent LSI employees available
to ChipPac to assist ChipPac (and its attorneys) with interpreting and verifying
such information.

     Section 9.4 HIGH RISK ACTIVITIES:  INDEMNITY.  The Packaging  Technology is
not intended to create  packaging  for products  that will be used in medical or
aviation activities or in other high risk activities.

10.  ENFORCEMENT

     ChipPac shall not have the right to enforce any of LSI's Intellectual
Property Rights. In the event that ChipPac learns that any third party is
infringing or misappropriating any of LSI's Intellectual Property Rights,
ChipPac shall promptly thereafter provide LSI with written notice regarding such
infringement or misappropriation.

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11.  TERM; DEFAULT AND TERMINATION;EFFECT OF TERMINATION

     Section 11.1 TERM. Unless sooner terminated pursuant to the early
termination provisions hereof, this Agreement apart from Section 4, shall be
effective upon the Effective Date and shall continue in effect. Unless sooner
terminated pursuant to the early termination provision hereof, Section 4 shall
expire three years from the Initial Qualification.

     Section 11.2 TERMINATION FOR DEFAULT. If either Party defaults on a
material provision and does not cure such default within forty-five (45) days
after written notice thereof is received from the other Party, such other Party
shall have the right at its option to terminate the Agreement.

     Section 11.3 OTHER TERMINATION. ChipPAC shall have the right to terminate
this Agreement without cause upon six months prior written notice to LSI. If
ChipPAC terminates this Agreement pursuant to this Section 11.3, it shall pay
LSI [redacted*] less any amounts paid by ChipPAC hereunder prior to the date of
such termination.

     Section 11.4 INSOLVENCY. Should either Party: (a) become insolvent; (b)
make an assignment for the benefit of creditors; (c) file or have filed against
it a petition in bankruptcy or seeking reorganization; (d) have a receiver
appointed; or (e) institute any proceedings for liquidation or winding up; then
the other Party may, in addition to other rights and remedies it may have,
terminate the Agreement or any purchase orders placed under the Agreement
immediately by written notice.

     Section  11.5 BREACH OF  CONFIDENTIALITY.  The Parties  stipulate  that the
arbitration  provisions  of  Section  14.11  shall  not  apply to any  temporary
restraining order, injunctive relief, protective order or other provisional
remedy sought to prohibit a breach or threatened breach of the provisions of
Section 13.1.

     Section 11.6 RIGHTS AND REMEDIES; TERMINATION OF CERTAIN PROVISIONS. The
termination of this Agreement shall be without prejudice to (a) the right of LSI
to receive upon its request all payments accrued and unpaid hereunder; (b) the
rights and remedies of any Party with respect to the current or any previous
breach of any other representations, warranties, covenants, terms, conditions or
provisions of this Agreement (provided that the limitation on liability set
forth in Article 6 shall apply to such rights and remedies); (c) any rights to
indemnification set forth herein; (d) the grant-back license from ChipPAC to LSI
in ChipPAC's Improvements under Section 3; (e) ChipPAC's license under Section 2
if the license set forth in Section 2.1 has become irrevocable according to the
terms specified therein; and (f) any other provisions hereof which expressly or
necessarily call for performance after the termination of this Agreement. To the
extent this Agreement is terminated for any reason within three years of the
Initial Qualification, LSI shall be deemed to have no Purchase Commitment (as
defined in Section 4.2).

     Section 11.7 TERMINATION OF CHIPPAC'S RIGHTS UPON DEFAULT. Immediately upon
and after termination (by either Party) of this Agreement, (i) applicable
license fees shall become due and payable with respect to sales of all Licensed
Products that were manufactured by ChipPAC or which were in the course of such
manufacture prior to such termination; (ii) unless the license set forth in
Section 2.1 has become irrevocable according to the terms specified therein,

___________________
* Confidential treatment requested.


                                       10


<PAGE>
ChipPAC shall (a) cease making, marketing, using and selling of Licensed
Products, (b) cease its use of any and all Packaging Technology and Technical
Information; and (c) return to LSI all media containing Technical Information
and copies thereof and all other materials and data of ChipPAC which contains or
are based on the Packaging Technology; and (iii) any and all restrictions
imposed on LSI according to Section 2.2 shall immediately terminate.

12.  ADDITIONAL BANKRUPTCY PROVISIONS

     Section 12.1 GENERALLY. This is a contract under which applicable law
excuses LSI from accepting performance from or rendering performance to ChipPac
within the meaning of sections 365(c) and 365(e)(2) of the Bankruptcy Code, 11
U.S.C. Secs. 365 (c), 365(e)(2). Accordingly, in the event of ChipPac's
bankruptcy, this Agreement cannot be assumed or assigned without LSI's express
written consent.

     Section 12.2 ASSUMPTION. In the event LSI consents to assumption and
assignment of this Agreement, any person or entity to which this Agreement is
assigned pursuant to the provisions of the Bankruptcy Code, 11 U.S.C. Section
101 et seq., shall be deemed without further act or deed to have assumed all of
the obligations arising under this Agreement on and after the date of such
assignment. Any such assignee shall upon demand execute and deliver to LSI an
instrument confirming such assumption.

     Section 12.3  LIFTING OF STAY.  In the event that ChipPac is the subject of
any insolvency, bankruptcy, reorganization, or similar proceeding under the
United States Bankruptcy Code, voluntarily or involuntarily, the Parties
stipulate that LSI is entitled to the automatic and absolute lifting of the
automatic stay as to the enforcement of its remedies under this Agreement,
including specifically but not limited to the stay imposed by 11 U.S.C. Section
362, as amended; ChipPac hereby consents to the immediate lifting of any such
automatic stay, and will not contest any action by LSI to lift such stay;
ChipPac expressly acknowledges that it has no equity in the license and rights
granted under this Agreement.

13.  CONFIDENTIALITY

     Section 13.1 OBLIGATION. Each Party agrees to maintain in confidence the
other Party's Confidential Information. Neither Party shall disclose the other
Party's Confidential Information to any other person or organization without the
prior written consent of the other Party. Each Party shall protect such
information from disclosure to others with at least the same degree of case as
such Party exercises to protect its own information of similar type and
importance provided that the degree of care exercised with respect to
Confidential Information that is Technical Information shall in no event be less
than a high degree of care. Each Party shall disclose the other Party's
Confidential Information only to those employees of the receiving Party that
have a need to know such information. Neither Party shall use the other Party's
Confidential Information except as expressly permitted in this Agreement. The
obligations of confidentiality and protection required by this section shall
survive the expiration, termination or cancellation of this Agreement for a
period of five (5) years, provided that the obligations with respect to
Confidential Information that is Technical Information shall survive in
perpetuity.

                                       11

<PAGE>

     Section 13.2 THIRD PARTY REQUEST FOR INFORMATION. Except as otherwise
provided in this Agreement, either Party shall immediately notify the other
Party of any private or governmental request for secret or confidential
information (including, without limitation, Confidential Information) or any
other information or documents relating to this Agreement. Each Party shall have
the right to participate in any other Party's response to any such request. In
the event that a Party receives any subpoena or other legal process requiring
the production of information, documents, data, work papers, reports, or other
materials relating to any secret or confidential information (including, without
limitation, Confidential Information) or to this Agreement, that party shall:

              (a)      give the other Party,  if possible,  the  opportunity to
participate in quashing,  modifying or otherwise responding to any compulsory
process in an appropriate and timely manner; and

              (b) cooperate fully with the other Party's efforts to narrow the
scope of any such compulsory process, to obtain a protective order limiting the
use or disclosure of the information sought, or in any other lawful way to
obtain continued protection of the secret or confidential information.

     Section 13.3 NOTICE. If either Party ("First Party") becomes aware of the
loss, theft or misappropriation of the other Party's Confidential Information
which is in the First Party's possession or control, the First Party shall
notify the other Party in writing within five (5) days of its discovery of such
loss, theft or misappropriation.

     Section 13.4 TERMS CONFIDENTIAL; PUBLICITY. Neither Party shall disclose
the terms and conditions of this Agreement to any third party without the other
Party's prior written consent, except to the extent required by applicable
governmental authorities. Notwithstanding the foregoing, each Party shall have
the right to disclose this Agreement to its attorneys, accountants and like
personnel, and to potential investors or acquirors, and for SEC filings, IPO
events under reasonable conditions of confidentiality. ChipPac agrees to issue
joint press announcements with LSI promptly after the Effective Date and
promptly after Initial Qualification. Each party must approve of the content of
such announcements before they are released. Neither party shall otherwise issue
a press release regarding this Agreement without the other Party's prior written
consent.

14.  GENERAL PROVISIONS

     Section 14.1 ASSIGNMENT. ChipPac shall not assign any of its rights or
privileges to any person (including its Affiliates) hereunder, whether by
operation of law or otherwise (including, without limitation, by merger with or
acquisition by a third party) without the prior written approval of LSI, which
approval LSI shall not unreasonably withhold. Any attempted assignment in
violation of this Section 14.1 shall be null and void AB INITIO. LSI shall have
the unrestricted right to assign this Agreement to any person, in which case the
definition of "LSI's Intellectual Property Rights" shall include only those
Intellectual Property Rights licensed hereunder prior to the effective date of
any such assignment.

                                       12

<PAGE>

     Section 14.2 CONTROLLING LAW. This Agreement shall be construed and
interpreted in accordance with the law of the State of California (except its
choice of law rules) as though made by two parties residing in California so as
to be fully performed within that State.

     Section 14.3 EXPORT CONTROLS. ChipPac shall comply with all export control
laws and regulations of the United States of America.

     Section 14.4 WAIVER. No failure or delay on the part of either party in the
exercise of any right or privilege hereunder shall operate as a waiver thereof
or of the exercise of any right or privilege hereunder, nor shall any single or
partial exercise of any such right or privilege preclude other or further
exercise thereof or of any other right or privilege.

     Section 14.5 NOTICE. Any notice or claim provided for herein shall be in
writing and shall be given (i) by personal delivery, effective upon delivery,
(ii) by first class mail, postage prepaid, addressed to the address first stated
above for the recipient, effective one (1) business day after proper deposit in
the mail, or (iii) by facsimile directed to the facsimile number first indicated
above for the recipient, but only if accompanied by mailing of a copy in
accordance with (ii) above, effective as of the date of facsimile transmission.

     Section 14.6 SEVERABILITY; SEVERAL RIGHTS AND OBLIGATIONS. If any provision
of this Agreement is held to be ineffective, unenforceable or illegal for any
reason, such decision shall not effect the validity or enforcement of any or all
of the remaining portions thereof. If more than one Product is covered under
this Agreement, then the rights and obligations of the parties as to each such
Product shall be several and independent from those as to any other Product.

     Section 14.7 OTHER RIGHTS. Nothing contained in this Agreement shall be
construed as conferring by implication, estoppel or otherwise upon either party
or any third party any license or other right except, solely as to the parties
hereto, the rights expressly granted hereunder.

     Section 14.8 PUBLICITY. All notices to third parties and all other
publicity concerning the transactions contemplated by this Agreement shall be
jointly planned and coordinated by and between the parties. Neither of the
parties shall act unilaterally in this regard without the prior written approval
of the other party; however, this approval shall not be unreasonably withheld.

     Section 14.9 TITLES. Any titles included herein are for convenience only
and are not to be used in the interpretation of this Agreement.

     Section 14.10 INTEGRATION; MODIFICATION. This Agreement, together with the
Exhibits hereto, embodies the final, complete and exclusive statement of the
terms of their agreement with respect to the subject matter hereof and
supersedes any prior or contemporaneous representations, descriptions, courses
of dealing or agreements as to such subject matter. No amendment or modification
of this Agreement or any Exhibit hereto shall be valid or binding upon the
parties unless in writing and signed by an officer of each party, and NO
EMPLOYEE OF EITHER PARTY OR REPRESENTATIVE HAS ANY AUTHORITY OTHERWISE TO BIND
EITHER PARTY TO ANY OBLIGATION OR LIABILITY NOT EXPRESSLY STATED HEREIN.

                                       13

<PAGE>

     Section 14.11 ARBITRATION. Any dispute relating to the enforceability,
interpretation of performance of this Agreement (other than claims for which
injunctive relief is sought), or relating to the parties' relationship or any
transactions between them arising out of this Agreement, shall be resolved at
the request of either party through binding arbitration in San Francisco,
California; provided, however, that it shall not be deemed a waiver of the right
to arbitrate for a party to seek, nor shall this Agreement be interpreted to
preclude a party from seeking, in a court of competent jurisdiction, temporary
or preliminary injunctive relief pending entry of judgment on any arbitration
award, or other appropriate prejudgment relief. Any discovery shall be conducted
in accordance with the Federal Rules of Civil Procedure. Except as otherwise
expressly provided herein, arbitration shall be conducted in accordance with the
Commercial Rules of the American Arbitration Association. The arbitration shall
be conducted by three arbitrators. Each party will select one arbitrator, and
the two arbitrators thus selected will select a third arbitrator. Judgment upon
award by the arbitrators may be entered by any state or federal court having
jurisdiction.

     Section 14.12 RELATIONSHIP TO THE PARTIES.  The relationship of the parties
hereto is that of  independent  contractors.  Neither  party,  nor its agents or
employees shall be deemed to be the agent, employee, joint venturer,  partner or
fiduciary of the other party. Neither party shall have the right to bind the
other party, transact any business in the other party's name or on its behalf or
incur any liability for or on behalf of the other party.

                                       14

<PAGE>
     IN WITNESS HEREOF the parties have caused this Agreement to be signed by
their duly authorized representatives.

LSI LOGIC CORPORATION ("LSI")

By:        /s/ Maniam B. Alagaratnam
         --------------------------------------------

Name:     Maniam B. Alagaratnam
         --------------------------------------------

Title:    Vice President, Package Development
         --------------------------------------------

Date:     September 8, 1999
         --------------------------------------------

CHIPPAC LIMITED ("ChipPac")

By:       /s/ Dennis McKenna
         --------------------------------------------

Name:     Dennis McKenna
         --------------------------------------------

Title:    President and CEO
         --------------------------------------------

Date:     September 8, 1999
         --------------------------------------------


                                       S-1


<PAGE>
                                    EXHIBIT A

                              TECHNICAL INFORMATION

                    FLIP CHIP PACKAGE TECHNOLOGY DELIVERABLES

1.   Package Construction
     a. [redacted*]
     b. [redacted*]
     c. [redacted*]
2.   Materials Set:
     a. [redacted*]
     b. [redacted*]
     c. [redacted*]
     d. [redacted*]
     e. [redacted*]
3.   Process Flow:
     a. [redacted*]
     b. [redacted*]
     c. [redacted*]
     d. [redacted*]
4.   Process Recipe's:
     a. [redacted*]
     b. [redacted*]
     c. [redacted*]
     d. [redacted*]
     e. [redacted*]
5.   Equipment Set:
     a. [redacted*]
     b. [redacted*]
     c. [redacted*]
     d. [redacted*]
6.   Package Optimization Experiments:
     a. [redacted*]
     b. [redacted*]
     c. [redacted*]
              +        [redacted*]
              +        [redacted*]
              +        [redacted*]
              +        [redacted*]
              +        [redacted*]
              +        [redacted*]
7.   Package Simulation Reports:
     a. [redacted*]
     b. [redacted*]
     c. [redacted*]
     d. [redacted*]
     e. [redacted*]

_______________________
* Confidential treatment requested.

                                       C-1

<PAGE>


     f. [redacted*]
8.   Qualification Reports:
     a. [redacted*]
     b. [redacted*]
9.   Flip Chip Package Design Rules
     a. [redacted*]
     b. [redacted*]
     c. [redacted*]
10.  Wafer Bump Design Rules:
     a. [redacted*]
     b. [redacted*]
     c. [redacted*]
11.  Wafer Bump Supplier Database:
     a. [redacted*]
     b. [redacted*]
12.  Package Tooling/Design Availability:
     a. [redacted*]
     b. [redacted*]
13.  Intellectual Property:
14.  Implementation Support:
     a. [redacted*]
     b. [redacted*]
     c. [redacted*]
     d. [redacted*]
     e. [redacted*]
     f. [redacted*]
     g. [redacted*]
     h. [redacted*]

_______________________
* Confidential treatment requested.

                                       C-2