-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 T7edSTGrh4QPBeSY8J5YOFGgxT3CDeDiBrvyFJ6xZfTBBM/KUPLUwDi4pIKHoO8P
 o8t5Yktb/vqd6f4ze99lMQ==

<SEC-DOCUMENT>0001181431-03-022094.txt : 20030905
<SEC-HEADER>0001181431-03-022094.hdr.sgml : 20030905
<ACCEPTANCE-DATETIME>20030905163509
ACCESSION NUMBER:		0001181431-03-022094
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030827
FILED AS OF DATE:		20030905

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHIPPAC INC
		CENTRAL INDEX KEY:			0001093779
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				770463048
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		47400 KATO ROAD
		CITY:			FREMONT
		STATE:			CA
		ZIP:			94538
		BUSINESS PHONE:		5109798000

	MAIL ADDRESS:	
		STREET 1:		47400 KATO ROAD
		CITY:			FREMONT
		STATE:			CA
		ZIP:			94538

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SANKATY HIGH YIELD ASSET PARTNERS LP
		CENTRAL INDEX KEY:			0001070288
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31173
		FILM NUMBER:		03884166

	BUSINESS ADDRESS:	
		STREET 1:		C/O SANKATY ADVISORS LLC
		STREET 2:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		6175162700

	MAIL ADDRESS:	
		STREET 1:		C/O SANKATY ADVISORS LLC
		STREET 2:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SANKATY INVESTORS LLC
		CENTRAL INDEX KEY:			0001262052
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31173
		FILM NUMBER:		03884164

	BUSINESS ADDRESS:	
		STREET 1:		C/O SANKATY ADVISORS LLC
		STREET 2:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		6175162700

	MAIL ADDRESS:	
		STREET 1:		C/O SANKATY ADVISORS LLC
		STREET 2:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SANKATY HIGH YIELD ASSET INVESTORS LLC
		CENTRAL INDEX KEY:			0001262053
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31173
		FILM NUMBER:		03884165

	BUSINESS ADDRESS:	
		STREET 1:		C/O SANKATY ADVISORS LLC
		STREET 2:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		6175162700

	MAIL ADDRESS:	
		STREET 1:		C/O SANKATY ADVISORS LLC
		STREET 2:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd17647.xml
<DESCRIPTION>SANKATY-8/28
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-08-27</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001093779</issuerCik>
        <issuerName>CHIPPAC INC</issuerName>
        <issuerTradingSymbol>CHPC</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001070288</rptOwnerCik>
            <rptOwnerName>SANKATY HIGH YIELD ASSET PARTNERS LP</rptOwnerName>
        </reportingOwnerId>
<reportingOwnerAddress><rptOwnerStreet1>c/o Sankaty Advisors, LLC</rptOwnerStreet1><rptOwnerStreet2>111 Huntington Avenue</rptOwnerStreet2><rptOwnerCity>Boston</rptOwnerCity><rptOwnerState>MA</rptOwnerState><rptOwnerZipCode>02199</rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001262053</rptOwnerCik>
            <rptOwnerName>SANKATY HIGH YIELD ASSET INVESTORS LLC</rptOwnerName>
        </reportingOwnerId>
<reportingOwnerAddress><rptOwnerStreet1>c/o Sankaty Advisors, LLC</rptOwnerStreet1><rptOwnerStreet2>111 Huntington Avenue</rptOwnerStreet2><rptOwnerCity>Boston</rptOwnerCity><rptOwnerState>MA</rptOwnerState><rptOwnerZipCode>02199</rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001262052</rptOwnerCik>
            <rptOwnerName>SANKATY INVESTORS LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SANKATY ADVISORS, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>111 HUNTINGTON AVENUE</rptOwnerStreet2>
            <rptOwnerCity>BOSTON</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02199</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Class A Common Stock</value></securityTitle><transactionDate><value>2003-08-27</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>66378</value></transactionShares><transactionPricePerShare><value>6.16</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>399649</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDeri
vativeTable><ownerSignature><signatureName>Sankaty High Yield Asset Partners, L.P., by Sankaty High Yield Asset Investors, LLC, by Sankaty Investors, LLC, by /s/ Michael Goss, a Managing Director</signatureName><signatureDate>2003-09-03</signatureDate></ownerSignature><ownerSignature><signatureName>Sankaty High Yield Asset Investors, LLC, by Sankaty Investors, LLC, by /s/ Michael Goss, a Mangaging Director</signatureName><signatureDate>2003-09-03</signatureDate></ownerSignature><ownerSignature><signatureName>Sankaty Investors, LLC, by /s/ Michael Goss, a Managing Director</signatureName><signatureDate>2003-09-03</signatureDate></ownerSignature></ownershipDocument>



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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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