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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,
 RiUvcXNtUBokaywcxDgrxeo4ArH7ZXLHAUIGm6lKZuGLunc4igbj8tGikr/IJn1l
 3PFJDhRkhNzpu5zN265GqQ==

<SEC-DOCUMENT>0001181431-03-033557.txt : 20031202
<SEC-HEADER>0001181431-03-033557.hdr.sgml : 20031202
<ACCEPTANCE-DATETIME>20031202104636
ACCESSION NUMBER:		0001181431-03-033557
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031128
FILED AS OF DATE:		20031202

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:			CITIGROUP INC
		CENTRAL INDEX KEY:			0000831001
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31173
		FILM NUMBER:		031031487

	BUSINESS ADDRESS:	
		STREET 1:		399 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10043
		BUSINESS PHONE:		2125591000

	MAIL ADDRESS:	
		STREET 1:		399 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10043
	FORMER NAME:		
	FORMER CONFORMED NAME:	TRAVELERS GROUP INC
	DATE OF NAME CHANGE:	19950519
</FORMER-NAME>
	FORMER NAME:		
	FORMER CONFORMED NAME:	TRAVELERS INC
	DATE OF NAME CHANGE:	19940103
</FORMER-NAME>
	FORMER NAME:		
	FORMER CONFORMED NAME:	PRIMERICA CORP /NEW/
	DATE OF NAME CHANGE:	19920703
</FORMER-NAME>

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CITICORP
		CENTRAL INDEX KEY:			0000020405
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31173
		FILM NUMBER:		031031485

	BUSINESS ADDRESS:	
		STREET 1:		399 PARK AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10043
		BUSINESS PHONE:		2125591000

	MAIL ADDRESS:	
		STREET 1:		425 PARK AVE- 2ND F
		STREET 2:		ATTN: LEGAL AFFAIRS OFFICE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10043
	FORMER NAME:		
	FORMER CONFORMED NAME:	FIRST NATIONAL CITY CORP
	DATE OF NAME CHANGE:	19740414
</FORMER-NAME>
	FORMER NAME:		
	FORMER CONFORMED NAME:	CITY BANK OF NEW YORK NATIONAL ASSOCIATI
	DATE OF NAME CHANGE:	19680903
</FORMER-NAME>

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CITIBANK NA
		CENTRAL INDEX KEY:			0000036684
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31173
		FILM NUMBER:		031031484

	BUSINESS ADDRESS:	
		STREET 1:		399 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10043
		BUSINESS PHONE:		2125591000

	MAIL ADDRESS:	
		STREET 1:		C/O LEGAL AFFAIRS OFFICE
		STREET 2:		425 PARK AVENUE 2ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10043
	FORMER NAME:		
	FORMER CONFORMED NAME:	FIRST NATIONAL CITY BANK OF NEW YORK
	DATE OF NAME CHANGE:	19820322
</FORMER-NAME>

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CITICORP VENTURE CAPITAL LTD
		CENTRAL INDEX KEY:			0000356516
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31173
		FILM NUMBER:		031031488

	BUSINESS ADDRESS:	
		STREET 1:		399 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10043
		BUSINESS PHONE:		2125591132

	MAIL ADDRESS:	
		STREET 1:		399 PARK AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10043

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CITIGROUP HOLDINGS CO
		CENTRAL INDEX KEY:			0001105742
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31173
		FILM NUMBER:		031031486

	BUSINESS ADDRESS:	
		STREET 1:		ONE RODENY SQUARE
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19899
		BUSINESS PHONE:		2125595103

	MAIL ADDRESS:	
		STREET 1:		336 THE STRAND
		CITY:			LONDON ENGLAND
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd24292.xml
<DESCRIPTION>CHIPPAC 11.28.03
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-11-28</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001093779</issuerCik>
        <issuerName>CHIPPAC INC</issuerName>
        <issuerTradingSymbol>CHPC</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000831001</rptOwnerCik>
            <rptOwnerName>CITIGROUP INC</rptOwnerName>
        </reportingOwnerId>
<reportingOwnerAddress><rptOwnerStreet1>399 Park Avenue</rptOwnerStreet1><rptOwnerCity>New York</rptOwnerCity><rptOwnerState>NY</rptOwnerState><rptOwnerZipCode>10043</rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001105742</rptOwnerCik>
            <rptOwnerName>CITIGROUP HOLDINGS CO</rptOwnerName>
        </reportingOwnerId>
<reportingOwnerAddress><rptOwnerStreet1>One Rodney Square</rptOwnerStreet1><rptOwnerCity>Wilmington</rptOwnerCity><rptOwnerState>DE</rptOwnerState><rptOwnerZipCode>19899</rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000020405</rptOwnerCik>
            <rptOwnerName>CITICORP</rptOwnerName>
        </reportingOwnerId>
<reportingOwnerAddress><rptOwnerStreet1>399 Park Avenue</rptOwnerStreet1><rptOwnerCity>New York</rptOwnerCity><rptOwnerState>NY</rptOwnerState><rptOwnerZipCode>10043</rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000036684</rptOwnerCik>
            <rptOwnerName>CITIBANK NA</rptOwnerName>
        </reportingOwnerId>
<reportingOwnerAddress><rptOwnerStreet1>399 Park Avenue</rptOwnerStreet1><rptOwnerCity>New York</rptOwnerCity><rptOwnerState>NY</rptOwnerState><rptOwnerZipCode>10043</rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000356516</rptOwnerCik>
            <rptOwnerName>CITICORP VENTURE CAPITAL LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>399 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10043</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, $0.01 par value</value></securityTitle><transactionDate><value>2003-11-28</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>28050</value></transactionShares><transactionPricePerShare><value>7.75</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>11675945</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By Subsid
iary</value><footnoteId id="F1"/></natureOfOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><derivativeTable><derivativeHolding><securityTitle><value>8% Convertible Subordinated Notes Due 2001</value></securityTitle><conversionOrExercisePrice><value>9.96</value></conversionOrExercisePrice><exerciseDate><footnoteId id="F2"/></exerciseDate><expirationDate><value>2011-06-15</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Class A Common Stock, $0.01 par value</value></underlyingSecurityTitle><underlyingSecurityShares><value>5020081</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><valueOwnedFollowingTransaction><value>50000000</value></valueOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By Subsidiary</value><footnoteId id="F1"/></natureOfOwnership></ownershipNature></derivativeHolding></derivativeTable><footnotes
><footnote id="F1">Represents (i) 11,675,945 shares of the Issuer's Class A Common Stock, par value $0.01 directly beneficially owned by Citicorp Venture Capital Ltd. ("CVC") and (ii) $50,000,000 8% Convertible Subordinated Notes directly beneficially owned by Citicorp Mezzanine III, L.P. ("CMIII"). Two employees of CVC serve on the Issuer's Board of Directors.  CVC is a wholly owned subsidiary of Citibank, N.A., which is a wholly owned subsidiary of Citicorp, which is a wholly owned subsidiary of Citigroup Holdings Company, which is a wholly owned subsidiary of Citigroup Inc.  Each of Citigroup Inc., Citigroup Holdings Company, Citicorp and Citibank, N.A. disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interests therein.</footnote><footnote id="F2">Immed.</footnote></footnotes><ownerSignature><signatureName>Citigroup Inc., By: Serena D. Moe, Assistant Secretary</signatureName><signatureDate>2003-11-28</signatureDate></ownerSignature><ownerSignature><s
ignatureName>Citicorp, By: Serena D. Moe, Assistant Secretary</signatureName><signatureDate>2003-11-28</signatureDate></ownerSignature><ownerSignature><signatureName>Citibank, N.A., By: Serena D. Moe, Assistant Secretary</signatureName><signatureDate>2003-11-28</signatureDate></ownerSignature><ownerSignature><signatureName>Citigroup Holdings Company, By: Serena D. Moe, Assistant Secretary</signatureName><signatureDate>2003-11-28</signatureDate></ownerSignature><ownerSignature><signatureName>Citicorp Venture Capital Ltd., By: Anthony P. Mirra, Vice President</signatureName><signatureDate>2003-11-28</signatureDate></ownerSignature></ownershipDocument>



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