CHIPPAC INC
EMPLOYMENT AGREEMENT BETWEEN REGISTRANT & G. BRONZOVIC
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<TYPE>EX-10.41
<SEQUENCE>3
<FILENAME>0003.txt
<DESCRIPTION>EMPLOYMENT AGREEMENT BETWEEN REGISTRANT & G. BRONZOVIC
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                                                                   EXHIBIT 10.41
Employment Letter Agreement


March 18, 1998


Mr. Greg Bronzovic
1018 Eastwood Dr.
Los Altos, CA 94024

Dear Greg:

On behalf of ChipPAC, Inc. ("ChipPAC"), I am pleased to offer you the position
of Vice President of Sales.  You will be reporting to Harry Rozakis, Senior Vice
President of Sales and Marketing.

Should you accept this offer, your compensation will include:

 .  An annual base salary of $171,327.00 (One Hundred Seventy One Thousand Three
   Hundred Twenty Seven  Dollars) to be paid on a semi-monthly basis.

 .  Participation in the ChipPAC Sales Incentive  (SIP) Plan.  Your annual SIP
   target is 40% of your base salary.

 .  Participation in the ChipPAC Stock Plan. Subject to the approval of the Board
   of Directors you will begin participation in the Plan on your date of hire
   and be granted 75,000 shares of ChipPAC stock.

 .  Monthly car allowance of $500.00 (Five Hundred Dollars) per month.

 .  Eligibility to participate in the standard benefits offered to employees of
   ChipPAC.

 .  Based on ChipPAC's vacation policy, you will accrue two weeks (ten days) of
   vacation per year for the first two years after which you will accrue an
   additional day per year up to a maximum of four weeks (twenty days) per year.

The Immigration Control and Reform Act of 1986 requires that all new employees
submit proof of employment eligibility.  This proof should be submitted on your
first day of employment, along with the enclosed I-9 form.  To satisfy the I-9
requirements, please refer to the back of the I-9 document.  You can fulfill the
I-9 requirements by providing one document from list A or by providing one
document from both List B and List C.  Bring these documents with you on your
first day of employment.

We hope that you and ChipPAC will find mutual satisfaction with your employment.
ChipPAC is excited about your joining the company and looks
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forward to a beneficial and fruitful relationship. ChipPAC recognizes the
traditional Employment-At-Will doctrine between an employer and an employee
which means that either party has the right to terminate the employment
relationship at any time with or without cause or notice.

Similarly, we both agree that any dispute arising with respect to your
employment, the termination of that employment, including any alleged breach of
contract claims or breach of covenant of good faith and fair dealing related to
your employment at ChipPAC shall be settled by binding arbitration in accordance
with the rules of the American Arbitration Association.

Enclosed you will find ChipPAC's Standard Invention and Confidentiality
Agreement form for your review.  ChipPAC expects that you will maintain
confidentiality of any proprietary information received from your previous
employers.  It is ChipPAC's understanding that any such agreements will not
prevent you from performing the duties of this position.  If you accept this
offer of employment, please sign the enclosed copy of this offer letter and send
it back as soon as possible.  Please bring the ChipPAC Standard Inventions and
Confidentiality Agreement on your first day of employment.

This letter and the Agreement contain the entire agreement with respect to your
employment and supersedes any prior agreements regarding your employment status.
No ChipPAC representative, with the exception of ChipPAC's President or Human
Resources has any authority to modify or enter into an agreement or
modification, express or implied, contrary to the foregoing.  Any such
modification or agreement must be in writing and signed by you and the President
or Human Resources, and must clearly and expressly specify an intent to change
the at will nature of your employment.

We look forward to counting you among those who will enjoy the growth and
success of ChipPAC and hope that you will join us during this exciting time.
Please indicate your acceptance of this offer of employment by signing a copy of
this letter in the space below and returning one copy of this letter to me.
This offer supersedes  the previous offer letter dated March 13, 1998.

If you have any questions, please feel free to contact me at (408) 232-8288.

Sincerely,



David Aronovici
Senior Human Resources Manager

Greg Bronzovic
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Print Name

/s/ Greg Bronzovic                        March 18, 1998
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Signature                                 Date

April 1, 1998
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Start Date
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