Promotion Letter Agreement Of Acting Chief Financial Officer

Exhibit 10.43

March 30, 2004


Michael G. Potter

4492 Sandalwood Drive

Pleasanton, California 94588


Dear Michael:


This letter supersedes your promotional letter dated March 8, 2004. On behalf of ChipPAC, I am pleased to advise you of your promotion to the position of Acting Chief Financial Officer. In this position, you will report to Robert Krakauer, EVP Operations.


In this position, your compensation will include:


Effective April 1, 2004, your annual base salary is $200,000.00 (Two Hundred Thousand Dollars) to be paid on a semi-monthly basis.

You will continue to participate in the Short Term Incentive (STI) Plan with a target payout of 30% of your base salary.


You will receive an additional 2004 grant of 50,000 ChipPAC stock options, as a result of your promotion to Acting Chief Financial Officer for ChipPAC. The grant date and strike p ...