Document:

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                                                                   Exhibit 10.49

                                LICENSE AGREEMENT

        This License Agreement ("Agreement") effective as of 02/10/2000
("Effective Date"), is made by and between LSI Logic Corporation, a Delaware
corporation ("LSI"), and ChipPac Limited, a corporation established pursuant to
the laws of British Virgin Islands ("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 chip scale packages ("CSP," as
defined below), and ChipPac wishes to obtain such a license, 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:

        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.

       1.2   "Applicable Improvements" means any Improvements which are
invented, developed, discovered or otherwise acquired by LSI before one year
from "Initial Qualification", the first date that LSI qualifies ChipPac as a CSP
supplier.

       1.3   "ChipPac Improvements means any Improvements associated with CSP's
licensed to ChipPac by LSI which are invented, developed, discovered by ChipPac
before one year from "Initial Qualification", the first date that LSI qualifies
ChipPac as a CSP supplier.

       1.4   "Initial Qualification" refers to the first date that LSI qualifies
ChipPac as a CSP supplier.

       1.5   "Confidential Information" means (i) the Technical Information, in
whatever form embodied; 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.

       1.6   "CSP" means a semiconductor device assembly ("package")
characterized by having all of the following elements: (i) a substrate with a
top surface and a bottom surface; (ii) a semiconductor die with an active
surface and an opposing back side surface, the back side surface of the die
being mounted to the top surface of the subtract, (iii) wire bonds electrically
connecting the active surface of the semiconductor die to the top surface of the
substrate; (iv) the bottom surface of the substrate having solder balls attached
in a 0.8 mm pitch array; (v) the overall height of the assembled package being
less than 1.2 mm.

       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.

       1.8   "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 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.

       1.9   "LSI's Intellectual Property Rights" means: (i) all copyright and
trade secret rights owned by LSI that (or licensed to LSI with the right to
grant sublicenses thereunder without payment of royalties to any third party),
absent the license herein, would be necessarily

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and unavoidably infringed or misappropriated by the exploitation (as permitted
herein) of the Technical Information; and (ii) all patents that issue from the
applications listed in Exhibit B, including any reissue, division, term
extension, continuation or continuation-in-part (to the extent the claims of
such continuation in part are supported by a specification of an application
listed in Exhibit B) of any such applications.

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

       1.11  "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.

       1.12  "Technical Information" means the materials described in Exhibit A.

2.     LICENSE AND TECHNOLOGY TRANSFER

       2.1   License Grant. Subject to the terms and conditions of this
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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 that are ChipPac Affiliates according
to the terms of Section 2.3) 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.

       2.2   No Sublicenses; No Rights in Trade Marks; No Implied Licenses. The
             -------------------------------------------------------------
license granted pursuant to Section 2.1 shall not be sublicensed by ChipPac
(other than to its Affiliates according to the terms of Section 2.3) 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

       2.3   Have Made Rights Excluded. "Have-made" rights are not included in
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the license granted under Section 2.1. Accordingly, ChipPac shall not have the
right to have CSPs made for it by a third party at a third party's manufacturing
facility or elsewhere without the prior written approval of LSI, which approval
LSI may withhold in its sole and absolute discretion. Notwithstanding the
foregoing, this provision shall not preclude any ChipPac Affiliate (e.g., CPK,
CPS, CPI) from manufacturing CSP's according to the license set forth in Section
2.1, provided that each such Affiliate agrees in writing to terms and conditions
no less protective of LSI than those set forth in this Agreement. ChipPac shall
be fully liable to LSI for any breach by any such Affiliate of such terms and
conditions.

       2.4   Marking. ChipPac shall comply with all pertinent patent marking
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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.

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

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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.     TECHNOLOGY TRANSFER

       On or before February 15, 2000, LSI will provide ChipPac the Technical
Information. LSI will provide a reasonable amount of technical support, not to
exceed 320 man hours, to assist ChipPac or a ChipPac Affiliate with implementing
the Technical Information. ChipPac shall bear all out of pocket expenses LSI
incurs in connection with such technical support.

       4.1   Fees. In consideration of the right and license to use the
             ----
Packaging Technology and the associated Technical Information grants in Section
2.1, ChipPac shall pay to LSI U.S. [redacted *] according to the schedule set
forth in Exhibit C. Payments shall be non-refundable.

       4.2   Interest on Late Payments. Any payment not received by LSI in
             -------------------------
immediately available funds by the fifth (5th) business day following any date
by which such payment is due shall bear interest from such due date until paid
in full by ChipPac to LSI at the annual rate equal to the prime rate (as
reported by the Wall Street Journal on the date that the payment was first due);
provided, however, that in no event shall such interest rate exceed the highest
rate permissible under applicable law.

       4.3   Taxes. All taxes imposed as a result of any payments made pursuant
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to this Article 4.1 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 (i) 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 Article 4.1, and (ii) promptly effect payment thereof to the
appropriate taxing authorities; and (iii) 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.

       4.4   Verification. ChipPac shall provide LSI with reasonable access to
             ------------
ChipPac's facilities and applicable records to reasonably enable LSI to
determine if any of the events set forth in Exhibit C have occurred.

5.     WARRANTIES AND REPRESENTATIONS

       5.1   General Warranties and Representations. Each Party warrants and
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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.

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* Confidential treatment requested.

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       5.2   Disclaimer. EXCEPT AS OTHERWISE PROVIDED IN SECTION 5.3, 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 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. LSI shall have no
liability whatsoever to ChipPac in the event that ChipPac is unable to
successfully implement the Packaging Technology.

       5.3   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.

6.     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.

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7.   THIRD PARTY CLAIMS

     7.1  Intellectual Property Rights. Subject to (a) the limitations set forth
          ----------------------------
in Article 6 and in this Article 7, 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 5.3 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. 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 (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, terminate
ChipPac's license hereunder and if such termination occurs within eight years
from the Effective Date, refund a fraction of all payments made under Article 5,
the numerator of the fraction equal to the number of days between the date of
such termination and the date that is eight years from the Effective Date, the
denominator equal to eight (8) years. 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. THIS SECTION STATES THE ENTIRE
LIABILITY OF EACH PARTY AND THE EXCLUSIVE REMEDY OF EACH PARTY WITH RESPECT TO
INFRINGEMENT. EXCEPT AS EXPRESSLY STATED IN THIS SECTION 7.1, ALL WARRANTIES
AGAINST INFRINGEMENT OF ANY INTELLECTUAL PROPERTY RIGHTS, STATUTORY, EXPRESS OR
IMPLIED ARE HEREBY DISCLAIMED.

     7.2  Exclusions. LSI shall have no obligation under Section 7.1 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.
Furthermore, ChipPac will defend and indemnify LSI from and against any
liability, damages, cost or expense (including attorney's fees) arising out of
any such Claim asserted against LSI arising out of or relating to any act or
condition described in the preceding sentence; provided, however, that such duty
of indemnity shall be conditioned upon LSI giving ChipPac prompt written notice
of any such Claims, full authority to defend and settle such Claims and all
reasonable assistance to ChipPac (at ChipPac's expense) as may be requested by
ChipPac.

     7.3  Notice. Each Party ("Notifying Party") shall provided the other Party
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("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 5.3, 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

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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.

     7.4  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.

8.   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.

9.   TERM; DEFAULT AND TERMINATION; EFFECT OF TERMINATION

     9.1  Term. Unless sooner terminated pursuant to the early termination
          ----
provisions hereof, this Agreement shall be effective upon the Effective Date and
shall continue in effect unless earlier terminated as described below.

     9.2  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.

     9.3  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.

     9.4  Breach of Confidentiality. The Parties stipulate that the arbitration
          -------------------------
provisions of Section 12.11 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 11.1.

     9.5  Rights and Remedies; Termination of Certain Provisions. The
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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) unless this Agreement is terminated due to
LSI's material breach, the grant-back license from ChipPac to LSI in ChipPac's
improvements under Article 3; and (e) any other provisions hereof which
expressly or necessarily call for performance after the termination of this
Agreement.

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     9.6  Termination of ChipPac's Rights Upon Default. Immediately upon and
          --------------------------------------------
after termination (by either Party) of this Agreement, ChipPac shall (a) cease
making, marketing, using and selling of SCPs covered by this Agreement; (b)
cease its use of any and all Packaging Technology and Technical Information
provided throughout this license; and (c) return to LSI all media containing
Technical Information and copies thereof and all other materials and date of
ChipPac which contains or are based on the Process Technologies.

10.  ADDITIONAL BANKRUPTCY PROVISIONS

     10.1 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.

     10.2 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.

     10.3 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.

11.  CONFIDENTIALITY

     11.1 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.

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     11.2 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.

     11.3 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.

     11.4 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.

12.  GENERAL PROVISIONS

     12.1 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
12.1 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.

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     12.2  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.

     12.3  Export Controls. ChipPac shall comply with all export control laws
           ---------------
and regulations of the United States of America.

     12.4  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.

     12.5  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.

     12.6  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.

     12.7  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.

     12.8  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.

     12.9  Titles. Any titles included herein are for convenience only and are
           ------
not to be used in the interpretation of this Agreement.

     12.10 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.

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     12.11  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.

     12.12  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.

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

LSI LOGIC CORPORATION ("LSI")

By:      /s/ Maniam Alagaratnam
         --------------------------------------
Name:    Maniam Alagaratnam
         --------------------------------------
Title:   Vice President, Packaging Development
         --------------------------------------
Date:    February 10, 2000
         --------------------------------------

CHIPPAC LIMITED ("ChipPac")

By:      /s/ Richard Parsons
         --------------------------------------
Name:    Richard Parsons
         --------------------------------------
Title:   Director
         --------------------------------------
Date:    February 16, 2000
         --------------------------------------

                                       11

<PAGE>

                                    EXHIBIT A

                              TECHNICAL INFORMATION

                       [This exhibit was never completed.]

                                      12

<PAGE>

                                    EXHIBIT B

                               PATENT APPLICATIONS

                       [This exhibit was never completed.]

                                       13

<PAGE>

                                    EXHIBIT C

                                  FEE SCHEDULE

[redacted *] within thirty days of the Effective Date.

[redacted *] on completion of CSP qualification test vehicle or June 30, 2000
whichever occurs earlier.

[redacted *] within sixty days after the date of Initial Qualification by LSI.

All amounts are stated in U.S. currency.

                                       14
____________
* Confidential treatment requested.<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.

                                       1

<PAGE>

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.

                                       2

<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:

                                       3

<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.

                                       4

<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

                                       5

<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.

                                       6

<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.

                                       7

<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

                                       8

<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.

                                       9

<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.

                                       10

<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.

                                       11

<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

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