<PAGE>

                                                                   EXHIBIT 10.50

      Bump Chip Carrier (called "BCC" in this Agreement) LICENSE AGREEMENT
      --------------------------------------------------------------------

THIS BCC LICENSE AGREEMENT (hereinafter called "Agreement") made and entered
into as of the 27th day of August, 2001 by and between: FUJITSU LIMITED, a
Japanese corporation, having its principal place of business at 50, Fuchigami
Akiruno, Tokyo 197-0833, Japan and (hereinafter called "FUJITSU"), and ChipPAC,
Inc, a corporation, having its principal place of business at 47400 Kato Road,
Fremont, CA 94538, USA. ("LICENSEE").

                                WITNESSETH THAT:

WHEREAS, LICENSEE desires to assemble and sell certain semiconductor devices
under certain patents and technical information of FUJITSU; and

WHEREAS, FUJITSU is willing to grant LICENSEE a license to assemble and sell
such semiconductor devices under certain patents and technical information of
FUJITSU, subject to the terms and conditions as hereinafter set forth;

NOW THEREFORE, in consideration of the above premises and mutual covenants
contained herein, both parties hereto agree as follows:

Article 1.  Definitions

1.1  "BCC TECHNOLOGY" means the technology for assembling a semiconductor device
     as specified in Exhibit A attached hereto.

1.2  "PIN COUNT" means the number of pins or similar external electrical
     connecting means which are extended from the body of a semiconductor
     device.

1.3  "LICENSED PRODUCT(S)" means a semiconductor device which uses BCC
     TECHNOLOGY and PIN COUNT of which is less than one hundred (100).

1.4  "SUBSIDIARY(IES)" means any corporation, company or other entity more than
     fifty percent (50%) of whose voting stock or other similar interests are
     owned or controlled by either party hereto, directly or indirectly, now or
     hereafter, but such corporation, company or other entity shall be deemed to
     be a SUBSIDIARY only so long as such ownership or control exists.

1.5  "EFFECTIVE DATE" means the date when FUJITSU and LICENSEE mutually execute
     this Agreement or the date when all the governmental authorizations if
     required for the execution and performance hereof are obtained, whichever
     date comes later.

1.6  "FUJITSU DELIVERABLES" means the documents written in English as set forth
     in Exhibit B attached hereto.

1.7  "TRAINING" means a technical training of BCC TECHNOLOGY specified in
     Exhibit C attached hereto.


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1.8    "FUJITSU KNOW-HOW" means any technique, know-how or other information
       relating to BCC TECHNOLOGY, whether tangible or not, furnished or
       disclosed by FUJITSU to LICENSEE hereunder.

1.9    "FUJITSU PATENTS" means all patents, utility models and applications
       therefor directly and specifically covering to BCC TECHNOLOGY in all
       countries of the world, which are issued, published or filed prior to the
       EFFECTIVE DATE, in respect of which, as of EFFECTIVE DATE or thereafter
       during the term of this Agreement, FUJITSU'S SEMICONDUCTOR GROUP owns or
       controls, and has the right to grant licenses of the scope granted herein
       without such grant resulting in the payment of royalties or other
       consideration to third parties.

       For the purpose of this Agreement, "FUJITSU'S SEMICONDUCTOR GROUP" means
       the FUJITSU division within the Electronic Devices Sector that assembles
       and/or develops products falling within the definition of LICENSED
       PRODUCTS. This definition of FUJITSU'S SEMICONDUCTOR GROUP shall include
       any FUJITSU future business unit derived therefrom, by separation or
       merger, irrespective of appellation.

1.10   "FUJITSU TECHNOLOGY" means FUJITSU DELIVERABLES, FUJITSU KNOW-HOW and
       FUJITSU PATENTS.

Article 2.  Grant of License

2.1    Subject to the payment of the compensation under Article 4 below, FUJITSU
       hereby grants to LICENSEE during the term of this Agreement a
       non-transferable, non-exclusive and world-wide license, with the right to
       grant sub-licenses only to LICENSEE's SUBSIDIARIES, under FUJITSU
       TECHNOLOGY to assemble (but not to have assembled) LICENSED PRODUCTS ,
       and to use, sell, lease or otherwise dispose of such LICENSED PRODUCTS

2.2    The license granted to LICENSEE under Article 2.1 above includes the
       right of LICENSEE to use, improve or modify FUJITSU TECHNOLOGY for the
       improvement or modification in LICENSED PRODUCTS relating to BCC
       TECHNOLOGY.

2.3    LICENSEE and its SUBSIDIARIES sublicensed hereunder hereby grant to
       FUJITSU a non-transferable, non-exclusive, world-wide and royalty-free
       license to assemble LICENSED PRODUCTS, and to use, sell, lease or
       otherwise dispose of such LICENSED PRODUCTS, under all patents, utility
       models and applications therefor directly and specifically covering BCC
       TECHNOLOGY in all countries of the world, which are issued, published or
       filed prior to the date of termination or cancellation of this Agreement,
       in respect of which, as of EFFECTIVE DATE or thereafter during the term
       of this Agreement, LICENSEE may own or control such license, provided
       they clearly do not include any FUJITSU TECHNOLOGY, shall continue for
       the lives of said separate patents and utility models.

       LICENSEE and its SUBSIDIARIES sublicensed hereunder hereby also grant to
       FUJITSU the right to grant sub-license to FUJITSU's SUBSIDIARIES and the
       third parties under the licenses granted to FUJITSU under this Article
       2.3.


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<PAGE>

2.4    It is confirmed by the parties hereto that no licenses or rights are
       granted under this Agreement with regard to lead frames even though they
       are used or to be used in assembling LICENSED PRODUCTS.

Article 3.  Disclosure and Assistance

3.1    FUJITSU shall , without undue delay after the receipt of compensation by
       LICENSEE pursuant to Article 4.1 a) (1) below, (i) furnish FUJITSU
       DELIVERABLES to LICENSEE and (ii) discuss with LICENSEE and determine the
       details of TRAINING.

3.2    LICENSEE may dispatch three (3) qualified engineers enough skilled and
       experienced in assembling semiconductor devices for TRAINING pursuant to
       the time schedule determined in Article 3.1 above.

3.3    FUJITSU shall provide for training staff and equipment(s) to the extent
       FUJITSU considers it necessary for TRAINING.

3.4    LICENSEE acknowledges that TRAINING is given without any warranty by
       FUJITSU.

3.5    LICENSEE shall bear all of traveling and living expenses and any other
       expenses which may be incurred by LICENSEE's trainees.

3.6    In case that TRAINING does not proceed because of LICENSEE's negligence,
       default, in-action or failure to act, FUJITSU shall disclaim all
       responsibility for further providing TRAINING to LICENSEE under this
       Agreement.

3.7    If LICENSEE wishes additional technical training of BCC TECHNOLOGY,
       LICENSEE and FUJITSU shall discuss separately the terms and conditions of
       such training.

3.8    FUJITSU shall grant LICENSEE a royalty-free and non-exclusive right to
       reproduce, translate and/or revise, any documents containing FUJITSU
       TECHNOLOGY in whole or in part subject to prior written consent of
       FUJITSU; provided that LICENSEE acknowledges that the copyright and any
       other proprietary right in or to such reproductions, translations and/or
       revisions shall remain with FUJITSU and further that FUJITSU shall not be
       responsible in any manner for whatever errors or omissions which may be
       contained in such reproductions, translations and/or revisions. LICENSEE
       shall affix the same copyright and other proprietary notices as contained
       in the original FUJITSU TECHNOLOGY delivered to LICENSEE hereunder to all
       reproductions, translations and/or revisions made by LICENSEE.

Article 4.  Compensation

4.1    As the result of giving full regard to the facts that LICENSEE might
       assemble LICENSED PRODUCTS for FUJITSU'S licensees of FUJITSU PATENTS
       which are granted by FUJITSU the right to have LICENSED PRODUCTS
       assembled under FUJITSU PATENTS, and that LICENSEE might assemble
       LICENSED PRODUCTS for FUJITSU and for Licensee's customers, and in
       consideration of the rights and licenses granted under Article 2 of this
       Agreement, LICENSEE shall make the following non-refundable payments to
       FUJITSU:


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<PAGE>

       a)  Fixed Fee: [redacted*]

           Licensee shall pay to FUJITSU the above fee of total [redacted*]
           subject to the following three installments:

           1) Initial payment: [redacted*] payable within thirty (30) days after
              the EFFECTIVE DATE.

           2) Second payment: [redacted*] payable at the end of the month
              following the month when the cumulative number of PIN COUNT of
              LICENSED PRODUCTS assembled by LICENSEE or its SUBSIDIARIES
              sublicensed hereunder exceeds [redacted*].

           3) Third payment: [redacted*]
              payable at the end of the month following the month when the
              cumulative number of PIN COUNT of LICENSED PRODUCTS assembled by
              LICENSEE or its SUBSIDIARIES sublicensed hereunder exceeds
              [redacted*]

       b)  Running Royalty:

           Licensee shall pay to FUJITSU the running royalty of [redacted*]
           multiplied by PIN COUNT of LICENSED
           PRODUCTS assembled by LICENSEE or by its SUBSIDIARIES sublicensed
           hereunder.
           Notwithstanding the above herewith, the following reduced rate of the
           running royalty may be applicable during the term of this Agreement
           if and to the extent that the cumulative number of PIN COUNT of
           LICENSED PRODUCTS assembled by LICENSEE or its SUBSIDIARIES
           sublicensed hereunder, which cumulative number is calculated from the
           EFFECTIVE DATE of this Agreement, achieves the following:

           Cumulative number of PIN COUNT              Reduced rate
           ------------------------------              ----------------------
           Exceeding [redacted*]                       U.S. [redacted*]
           Exceeding [redacted*]                       U.S. [redacted*]

           After ten (10) years have passed from the Effective Date, LICENSEE
           may assemble LICENSED PRODUCTS [redacted*] of the foregoing
           running royalty so far as this Agreement is effective.

           Notwithstanding the above, no royalty or other payment will be made
           in the case of LICENSED PRODUCTS assembled for FUJITSU or its
           SUBSIDIARIES.

4.2    The running royalty shall be computed semi-annually as of the last day of
       June and December of each year and shall be paid to FUJITSU within thirty
       (30) days after the respective dates.

4.3    LICENSEE shall, at the time of each payment of the running royalty,
       submit to FUJITSU a royalty report, which shall describe the quantity of
       LICENSED PRODUCTS assembled by LICENSEE or its SUBSIDIARIES sublicensed
       hereunder and categorized by each package configuration, total

______________________
* Confidential treatment requested.


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<PAGE>

       numbers of PIN COUNT of such LICENSED PRODUCTS by each such
       configuration, royalty amount, and tax withheld, for each six month
       period and the cumulative number of PIN COUNT from the EFFECTIVE DATE.
       Such royalty report shall be sent by LICENSEE to FUJITSU's address set
       forth in Article 17 below. Licensee shall submit such royalty report even
       in the event that no assembly of LICENSED PRODUCTS by and its
       SUBSIDIARIES sublicensed hereunder takes place in a certain semi-annual
       period

Article 5.  Payment

5.1    Payments hereunder shall be made without deductions of taxes,
       assessments, or other charges of any kind of which may be imposed on
       FUJITSU by the Government of the United States of America or any
       political subdivision thereof with respect to any amounts due to FUJITSU
       pursuant to this Agreement, and such taxes, assessments or other charges
       shall be paid by LICENSEE.

       However, income taxes or taxes of similar nature imposed on FUJITSU on
       account of the payment hereunder by the Government of the United States
       of America or any political subdivision thereof and paid by LICENSEE for
       the account of FUJITSU shall be deductible from the royalty payment due
       to FUJITSU to the extent that such taxes are allowable as a credit
       against taxes imposed on FUJITSU by the Government of Japan.

       To assist FUJITSU in obtaining tax credit, LICENSEE shall furnish FUJITSU
       with such evidence as may be required by taxing authorities of the
       Government of Japan to establish that any such taxes have been paid and
       are allowable as the said credit.

5.2    In the event that any payment under Article 4 above is not received by
       the due date for payment, interest calculated from the due date of such
       payment until full payment shall be charged on the overdue amount at the
       rate equal to the prime rate of the CITIBANK N.A. in the United States on
       the due date of such payment plus two percent (2%) per annum. The
       foregoing payment of interest shall not affect FUJITSU's right to cancel
       this Agreement in accordance with Article 11 below.

5.3    Any payment from LICENSEE to FUJITSU hereunder shall be made by means of
       telegraphic transfer remittance in U.S. Dollars to:

       Bank:                    The Dai-ichi Kangyo Bank Ltd., Head Office
                                1-5, Uchisaiwai-cho 1-chome
                                Chiyoda-ku, Tokyo 100-0011, Japan
       Account Name:            FUJITSU LIMITED
       Account Number:          1167829

Article 6.  Accounting and Audit

       LICENSEE shall keep records of account for LICENSEE containing true and
       accurate information details required for verification of the report
       described in Article 4.3 for each and every semi-annual period set forth
       in Article 4.3 for a period of three (3) years after the last day of such
       semi-annual period. Upon request by FUJITSU or its nominee, LICENSEE
       shall immediately disclose said records for inspection and answer any
       questions from FUJITSU or such nominee. The cost of such inspection shall
       be borne by FUJITSU unless such inspection reveals that LICENSEE has
       underpaid


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<PAGE>

     the royalties due under this Agreement by three percent (3%) or more for
     any semiannual period. In case of such underpayment, LICENSEE shall pay the
     cost of such inspection and the deficiency plus the interest calculated in
     accordance with Article 5.2 above.

Article 7.  Warranty

     Nothing contained in this Agreement shall be construed as:

     a)   a warranty or representation by FUJITSU as to the validity or scope of
          any FUJITSU PATENTS;
     b)   conferring upon LICENSEE or its SUBSIDIARIES sublicensed hereunder any
          license, right or privilege under any patents, utility models,
          know-how or technical information except the licenses, rights and
          privileges expressly granted hereunder;
     c)   a warranty or representation by FUJITSU that any acts licensed
          hereunder will be free from infringement of patents, utility models,
          or other intellectual property rights other than those under which
          licenses, rights and privileges have been expressly granted hereunder;
     d)   an agreement to bring or institute actions or suits against third
          parties for infringement or conferring any right to bring or institute
          actions or suits against third parties for infringement;
     e)   conferring upon LICENSEE or its SUBSIDIARIES sublicensed hereunder any
          right to use in advertising, publicity, or otherwise any trademark,
          trade name or names, or any contraction, abbreviation or simulation
          thereof, of FUJITSU; or
     f)   an obligation of FUJITSU to furnish any technical information or
          know-how except the obligation expressly provided in this Agreement.

     FURTHERMORE, FUJITSU PROVIDES LICENSEE THE FUJITSU DELIVERABLES, FUJITSU
     KNOW-HOW AND TRAINING "AS IS" AND DOES NOT MAKE ANY WARRANTIES, WHETHER
     EXPRESS, IMPLIED OR OTHERWISE, CONCERNING FUJITSU TECHNOLOGY INCLUDING, BUT
     NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR
     PURPOSE OR WARRANTIES OF FREEDOM FROM ERRORS OR DEFECTS.

Article 8  Confidential Information

8.1  LICENSEE shall use any technique, assembling know-how, and other
information, including FUJITSU TECHNOLOGY, furnished or disclosed to LICENSEE by
FUJITSU hereunder (hereinafter collectively called "FUJITSU CONFIDENTIAL
INFORMATION") only for the purpose of assembling LICENSED PRODUCTS. No
information shall be protected or treated as Fujitsu Confidential Information
hereunder, unless disclosed in accordance with the following procedures:

 (a) if disclosed information is written, recorded, graphical or otherwise in a
     tangible form it shall be labeled as "Proprietary," "Confidential," or with
     a similar legend denoting confidentiality; and
 (b) if information is orally and/or visually disclosed it shall be identified
     as confidential at the time of its disclosure and a written memorandum
     identifying such information in summary form and stating the same to be
     confidential shall be delivered to recipient within thirty (30) days of the
     oral or visual disclosure.


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<PAGE>

     Until the fifth (5th) anniversary date of the termination or cancellation
     of this Agreement, LICENSEE shall keep and cause to be kept FUJITSU
     CONFIDENTIAL INFORMATION in strict confidence from any third party.

     LICENSEE shall not file any application for or obtain, any intellectual
     property rights using or including FUJITSU CONFIDENTIAL INFORMATION,
     without FUJITSU's prior written consent.

8.2  LICENSEE may disclose in whole or in part FUJITSU CONFIDENTIAL INFORMATION
     to only its limited officers and employees who have a need-to-know. All
     obligations on the part of LICENSEE stipulated in Article 8.1 hereof shall
     extend to the officers and employees of LICENSEE who have access to FUJITSU
     CONFIDENTIAL INFORMATION, and for the purpose LICENSEE shall take all
     reasonable precautions in order to ensure the compliance of its obligation
     under this Agreement.

8.3  Notwithstanding Article 8.1 above, LICENSEE may disclose FUJITSU
     CONFIDENTIAL INFORMATION to LICENSEE's SUBSIDIARIES sublicensed hereunder,
     only to the extent necessary for such SUBSIDIARIES to assemble LICENSED
     PRODUCTS.

8.4  Each party hereto shall keep the existence and terms of this Agreement in
     strict confidence, and shall not, directly or indirectly, disclose any of
     the existence and terms of this Agreement to any third party except:
     a) with the prior written consent of the other party;
     b) to any governmental body having jurisdiction to request and to review
        the same;
     c) as otherwise may be required by law; or
     d) to legal counsel representing the parties hereto.

8.5  In case FUJITSU or LICENSEE should sustain any damage due to causes
     attributable TO OTHER PARTY under this AGREEMENT , THE OFFENDING PARTY
     shall compensate THE OTHER PARTY for all losses, damages, costs, charges,
     expenses and attorney fees, BUT SAID COMPENSATION NOT TO EXCEED [redacted*]
     However, in no event will EITHER PARTIES be liable for any lost revenues,
     lost profits, incidental, indirect, consequential, special or punitive
     damages.

8.6  Notwithstanding the foregoing provisions of this Article 8, the following
     information shall not be deemed FUJITSU CONFIDENTIAL INFORMATION:
     a) Information that is in the public domain at the time of FUJITSU's
        disclosure thereof to LICENSEE;
     b) Information that falls into the public domain through no act or failure
        to act on the part of LICENSEE subsequent to the time of FUJITSU's
        disclosure thereof to LICENSEE;
     c) Information that is already in the possession of LICENSEE at the time of
        FUJITSU's initial disclosure thereof to LICENSEE;
     d) Information that is independently developed by LICENSEE on or after
        FUJITSU's disclosure thereof to LICENSEE; or
     e) Information that is rightfully received by LICENSEE from any third party
        and not under obligation of confidentiality on or after FUJITSU'S
        disclosure thereof to LICENSEE.

Article 9.   Most Favored Terms

____________________
*Confidential treatment requested.


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<PAGE>

Each time FUJITSU or it's SUBSIDIARIES requests LICENSEE to assemble LICENSED
PRODUCTS for FUJITSU or such SUBSIDIARIES, LICENSEE shall give FUJITSU or such
SUBSIDIAIRIES a priority allocation for such LICENSED PRODUCTS under the most
favored price.

Article 10.  Term and Termination

10.1  This Agreement shall come into force and effect on the EFFECTIVE DATE.

10.2  The term of this Agreement shall be five (5) years from the EFFECTIVEDATE.

10.3  Subsequent to the five (5) years set forth in Article 10.2 above, the term
      of this Agreement shall be extended on annual basis, subject to the
      governmental authorizations required for the extension, unless either
      party hereto gives to the other party a notice to terminate this Agreement
      in writing at least six (6) months prior to the end of the then current
      five-years or one-year term of this Agreement.

10.4  Both parties hereto may terminate this Agreement at any time upon mutual
      agreement for the purpose of mutual benefit of the parties.

Article 11.  Cancellation of Agreement

11.1  Notwithstanding Articles 10.3 and 10.4 above, each party hereto may cancel
      this Agreement forthwith by giving a written notice to the other party in
      the event of one or more of the following:
      a) the filing by such other party of a petition in bankruptcy or
         insolvency;
      b) the filing by any third party of a petition in bankruptcy or insolvency
         against such other party, unless such filing is set aside, dismissed or
         withdrawn or ceased to be in effect within thirty (30) days from the
         date of such filing;
      c) the filing by such other party of any legal action or document seeking
         reorganization, readjustment or arrangement of such other party's
         business under any law relating to bankruptcy or insolvency;
      d) the appointment of a receiver or bankruptcy trustee for all or
         substantially all of the property of such other party;
      e) the making by such other party of any assignment for the benefit of
         creditors;
      f) the institution of any proceedings for the liquidation or winding up of
         such other party's business or for the termination of its corporate
         charter;
      g) any important change affecting substantially the ownership or control
         of such other party, including a change of major stock holder; or
      h) failure to correct or cure any breach by such other party of any
         covenant or obligation under this Agreement within thirty (30) days
         after receipt by such other party of a written notice from the
         first-mentioned party specifying such breach.

11.2  In addition to Article 11.1 above, in the event that:
      a) LICENSEE comes under direct or indirect control by a third party;
      b) LICENSEE consolidates with or merges with or into another corporation,
         partnership, or other entity, whether or not LICENSEE is the surviving
         entity of such transaction; or


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<PAGE>

      c) LICENSEE sells, assigns or otherwise transfers all or substantially all
         of LICENSEE's assets or semiconductor assembly business to a third
         party; and such event(s) is judged by FUJITSU after careful
         consideration to be detrimental to FUJITSU, FUJITSU may cancel this
         Agreement upon thirty (30) days' advance written notice to LICENSEE.

Article 12.  Effect of Termination or Cancellation

12.1  All license and rights granted to LICENSEE under Article 2 hereof shall
      cease on the date of termination or cancellation of this Agreement. (The
      ceasing, under this Article 12.1, of the license and rights granted to
      LICENSEE under Article 2 hereof is hereinafter called "LICENSE CEASING".)

12.2  In case of LICENSE CEASING, LICENSEE shall, in accordance with the
      instruction of FUJITSU, promptly return to FUJITSU all tangible FUJITSU
      TECHNOLOGY received from FUJITSU under this Agreement including all copies
      thereof.

12.3  Upon termination or cancellation of this Agreement, any of LICENSED
      PRODUCTS in the process of assembly hereunder shall be deemed as assembled
      on the day of such termination or cancellation. Promptly, but not later
      than thirty (30) days, after termination or cancellation of this
      Agreement, LICENSEE shall pay the running royalty and send the final
      royalty report to FUJITSU.

12.4  Notwithstanding the provision of Article 12.1 above, and subject to the
      provisions of Article 12.3 above, LICENSEE may, after LICENSE CEASING,
      assemble LICENSED PRODUCTS which are in the process of assembly, and use,
      sell, lease or otherwise dispose of them subject to the after payment of
      royalty described in Article 12.3.

12.5  No termination or cancellation of this Agreement shall release either
      party from any liability which at the time of termination or cancellation
      has already accrued, or shall in any way affect the survival of any right,
      duty or obligation of either party which is contemplated to be performed
      as of the date of or after such termination or cancellation.

Article 13.  Export/Import License

LICENSEE shall ensure that the distribution, export and import of FUJITSU
TECHNOLOGY or LICENSED PRODUCTS are in compliance with all laws, regulations,
orders or other restrictions of the government(s) of Japan, the United States of
America and/or other countries from which FUJITSU TECHNOLOGY or LICENSED
PRODUCTS are exported by LICENSEE . LICENSEE agrees that LICENSEE shall not
export or re-export any FUJITSU TECHNOLOGY or LICENSED PRODUCTS to any country
for which such government(s) or any of its agencies requires an export license
or other governmental approval without first obtaining such license or approval.

Article 14.  Assignment

Neither party hereto shall, voluntarily or by operation of law, in whole or in
part, assign or otherwise transfer this Agreement or any of rights or
obligations created thereunder without the prior written consent of the other
party.


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<PAGE>

Article 15.  Governing Law

The validity, construction, performance and enforceability of this Agreement
shall be governed in all respects by the laws of Japan.

Article 16.  Arbitration

The parties hereto shall use their best efforts to resolve by mutual agreement
any disputes, controversies or differences which may arise from, under, out of
or in connection with this Agreement. If any such disputes, controversies or
differences cannot be settled between the parties hereto, they shall be finally
settled by arbitration in Tokyo, Japan under the Rules of The Japan Commercial
Arbitration Association and by three (3) arbitrators appointed in accordance
with the Rules. The award rendered by the arbitrators shall be final and binding
upon the parties hereto and may be entered in any court of competent
jurisdiction in any country. The arbitration shall be conducted in Japanese,
with English translation used at the request of either party.

Article 17.  Notice

All notices, requests demands and other communications which shall or may be
given under this Agreement shall be made in writing by airmail or by facsimile
to the address specified below or to such changed address as may have been
previously specified in writing by the addressed party:

      To:    FUJITSU LIMITED
             50, Fuchigami Akiruno 197-0833, Japan
             Attn:  Tsuyoshi, Aoki, Director
             Business Promotion Department
             LSI Packaging Division
             Electronic Devices Group
             Facsimile: (Japan) 42-532-2884

      To:    ChipPAC, Inc.
             47400 Kato Road, Fremont, CA 94538, USA
             Attn: Satya Chillara
             Director of Marketing and Business Development
             Facsimile: (USA) 510-979-8001

Unless otherwise proven, each such notice given by either party hereto shall be
deemed to have been received by the other party on the tenth (5th) business day
following the mailing date or on the second (2nd) business day following the
facsimile date.

Article 18.  Severability

If any term, clause or provision of this Agreement is judged to be ineffective,
unenforceable or illegal by a court or executive body with judicial powers
having jurisdiction over this Agreement or either party hereto, such
ineffective, unenforceable or illegal term, clause or provision shall be deemed
deleted from this Agreement, and the validity of any other term, clause or
provision of this Agreement shall not be affected; provided that both parties
shall negotiate in good faith and agree to a mutually satisfactory term, clause
or provision which shall replace the ineffective, unenforceable or illegal term,
clause or provision.


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<PAGE>

Article 19.  Waiver

Any failure of either party to enforce, at any time or for any period of time,
any of the provisions of this Agreement shall not be construed as waiver of such
provisions or of the right of such party thereafter to enforce such provisions.

Article 20.  Headings

The headings of Articles used in this Agreement are inserted for convenience of
the reference only, and shall not be deemed to be a part of his Agreement or to
affect the meaning or interpretation of this Agreement.

Article 21.  Language

This Agreement and Exhibits hereto are in English language, which language shall
be controlling in all respects.

Article 22.  Relationship of Parties

Neither party shall have, or shall represent that it has, any power, right or
authority to bind the other party on behalf of the other party or in the other
party's name, or to assume or create any obligation or responsibility, express
or implied, on behalf of the other party or in the other party's name.

Nothing in this Agreement should be construed to create a partnership, joint
venture, or employer-employee relationship, either expressed or implied.

Article 23.  Entire Agreement; Amendment

This Agreement constitute the complete understanding and agreement of the
parties and supersedes all prior and contemporaneous negotiations,
understandings and agreements with respect to the subject matter of this
Agreement. Any modification and amendment of any provision of this Agreement
will be effective only if in writing and signed by an authorized representative
of both parties.


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<PAGE>

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
by their duly authorized officers or representatives on the day and year first
above written.

ChipPack, Inc                         FUJITSU LIMITED



By: /s/ Patricia H. McCall            By: /s/ Kazuo Abe
   --------------------------------      ---------------------------------------

Typed Name:  Patricia H. McCall       Typed Name:  Kazuo Abe
           ------------------------              -------------------------------

Title:       General Counsel          Title: General Manager, LSI Packaging Div.
      -----------------------------         ------------------------------------

Date:        August 21, 2001          Date:       August 27, 2001
     ------------------------------        -------------------------------------


                                       12

<PAGE>

                                    EXHIBIT A


                                 BCC TECHNOLOGY
                                 --------------
                           (CONFIDENTIAL INFORMATION)

[redacted*]

_____________________
* Confidential treatment requested.

                                       13

<PAGE>

                                    EXHIBIT B

                              FUJITSU DELIVERABLES
                              --------------------


1. Assembly Specifications
2. Inspection Specifications
3. Package Drawings
4. Drawings of Jigs and Tools
5. List of Assembles Equipments
6. List of Parts and Materials
7. Instructions Manuals


                                       14

<PAGE>

                                    EXHIBIT C

                             BCC TECHNOLOGY TRAINING
                             -----------------------

1. Place: Facility of FUJITSU or it's Affiliate which facility will be
          designated by FUJITSU.

2. Term:  Train three (3) engineers in Article 3.2 for 2 weeks (10 working days)
          within six (6) months after EFFECTIVE DATE. Time schedule will be
          discussed and determined separately.

3. TRAINING Items
   (1) Die Bonding
   (2) Wire Bonding
   (3) Encapsulating
   (4) Lead Frame Etching and Alignment

   Testing is not included in the TRAINING Items. Details of the items will be
   discussed and determined separately.

4. FUJITSU training staff will speak English throughout the course of the
   training.

5. All the documents to be used or furnished in the course of the training, if
   any, are written in English.

6. LICENSEE trainees shall observe all rules and regulations of the facility,
   including working and safety regulations. LICENSEE agrees to hold FUJITSU and
   it's Affiliates harmless from any responsibility or liability for sickness
   of, injuries to or death of such trainees.

7. Unless otherwise expressly provided in this Agreement, LICENSEE trainees
   shall not access or review internal materials or facilities of FUJITSU or its
   Affiliates without specific consent of FUJITSU.

                                       15