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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K

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                 Current Report Pursuant to Section 13 or 15(d)
                     Of the Securities Exchange Act of 1934

               Date of Report ( date of earliest event reported):
                                November 28, 2000
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                                  CHIPPAC, INC.
             (Exact name of registrant as specified in its charter)
       Delaware                    333-91641                     77-0463048
(State or other jurisdiction   (Commission File Number)        (IRS Employer
                               Identification No.)            of incorporation)

                               3151 Coronado Drive
                         Santa Clara, California 95054
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                    (Address of principal executive offices)
                                   (Zip Code)

        Registrant's telephone number, including area code: (408)426-5900

                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)

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ITEM 5.  INTENDED ACQUISITION OF VIKO TEST LABS


     On November 28, 2000,  ChipPAC,  Inc.,  announced  its intention to acquire
VIKO Test Labs, a division of VIKO Technology, Inc. VIKO Test Labs is one of the
semiconductor industry's premiere providers of burn-in, electrical test, package
qualification,  and failure analysis services.  The company,  with facilities in
Santa Clara,  California,  and Austin,  Texas, is a division of VIKO Technology,
Inc.  which was  established  over 20 years ago. The  specialized  resources and
expertise of VIKO Test Labs, combined with ChipPAC's already extensive technical
capabilities,  will enhance  ChipPAC's  support in the development  phase of its
customer's products,  particularly in the critical early stages of device design
and manufacture planning. The cash and stock transaction is expected to close in
January 2001 and to be accretive to full year 2001 earnings.



     This  announcement  includes  forward-looking  statements,  as that term is
defined in the Private Securities Reform Act of 1995, which are subject to known
and unknown risks and  uncertainties  that could cause actual  results to differ
materially  from those  expressed or implied by such  statements.  These forward
looking statements  include statements  regarding the closing of the acquisition
and accretion to year 2001 earnings,  VIKO's  resources and expertise,  expected
continued  demand for ChipPAC's  services and  products,  growth in end markets,
access  to  new   customers,   and  ability  to  capitalize  on  growth  in  the
semiconductor  industry.  Some of these risks and  uncertainties are detailed in
documents filed with the Securities and Exchange  Commission,  and include,  but
may not necessarily be limited to the possibility that the deal may not close in
January 2001, or at all,  fluctuations in customer  demand,  raw material costs,
exchange  rates,  timing and success of new  product and service  introductions,
competitive  conditions  in the  semiconductor  foundry  industry,  the  ongoing
quality  of ChipPAC  and  VIKO's  services,  and the  ability  of the  principal
suppliers to provide  materials and  equipment on a timely and cost  competitive
basis.


                                    SIGNATURES
         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized,

                                                 ChipPAC, Inc.
Date: December 1, 2000                           By: /s/ Robert Krakauer
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                                                     Robert Krakauer
                                                     Senior Vice President and
                                                     Chief Financial Officer