Exhibit 12.2

ChipPac historical
Ratio of earnings to fixed charges

															Six months ended 30
	Fiscal Year Ended December 31,														June,
	1999			2000		2001			2002			2003			2003			2004
Income (loss) before income tax		(5,370	)		15,670		(91,158	)		(26,855	)		(26,781	)		(13,126	)		5,946
Add
Interest expense, including amortization of debt issuance cost		21,241			39,432		37,214			31,986			30,887			14,890			15,566
Portion of interest expense within operating leases representative of interest factor		1,633			1,767		2,107			1,930			2,320			1,136			1,202
Earnings as adjusted		17,504			56,869		(51,837	)		7,061			6,426			2,900			22,714
Fixed charges
Interest expense, including amortization of debt issuance cost		21,241			39,432		37,214			31,986			30,887			14,890			15,566
Portion of interest expense within operating leases representative of interest factor		1,633			1,767		2,107			1,930			2,320			1,136			1,202
		22,874			41,199		39,321			33,916			33,207			16,026			16,768
Ratio of earnings to fixed charges		—			1.4		—			—			—			—			1.4
Deficiency of earnings to cover fixed charges		(5,370	)		—		(91,158	)		(26,855	)		(26,781	)		(13,126	)		—