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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-04-042068.txt : 20040827
<SEC-HEADER>0001181431-04-042068.hdr.sgml : 20040827
<ACCEPTANCE-DATETIME>20040827162115
ACCESSION NUMBER:		0001181431-04-042068
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040804
FILED AS OF DATE:		20040827
DATE AS OF CHANGE:		20040827

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DELANEY MICHAEL
		CENTRAL INDEX KEY:			0001083168

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31173
		FILM NUMBER:		041002738

	BUSINESS ADDRESS:	
		STREET 1:		C/O CITICORP VENTURE CAPITAL
		STREET 2:		153 E 53RD ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	MAIL ADDRESS:	
		STREET 1:		C/O CITICORP VENTURE CAPITAL
		STREET 2:		153 E 53RD ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd50301.xml
<DESCRIPTION>MICHAEL DELANEY CHIPPAC 08.04.04
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-08-04</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001093779</issuerCik>
        <issuerName>CHIPPAC INC</issuerName>
        <issuerTradingSymbol>CHPC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001083168</rptOwnerCik>
            <rptOwnerName>DELANEY MICHAEL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O CITICORP VENTURE CAPITAL LTD.</rptOwnerStreet1>
            <rptOwnerStreet2>399 PARK AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10043</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value  $0.01 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2004-08-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>234315</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Under the Agreement and Plan of Merger and Reorganization, dated as of February 10, 2004 (the &quot;Merger Agreement&quot;) by and among ST Assembly Test Services Ltd., a Singapore public company limited by shares (&quot;STATS&quot;), and the Issuer, among other parties, the Issuer became a wholly owned subsidiary of STATS on August 4, 2004 (the &quot;Merger&quot;). Pursuant to the terms of the Merger Agreement, the Reporting Person disposed of 234,315 shares of Common Stock in exchange for 203,854 ADSs of STATS. The ADSs had a market value of $6.36 per ADS as of August 5, 2004.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Michael A. Delaney</signatureName>
        <signatureDate>2004-08-23</signatureDate>
    </ownerSignature>
</ownershipDocument>

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