We review recent observational results on early type galaxies obtained with high spatial resolution Chandra data. With its unprecedented high spatial resolution, Chandra reveals many intriguing features in early type galaxies which were not identified with the previous X-ray missions. In particular, various fine structures of the hot ISM in early type galaxies are detected, for example, X-ray cavities which are spatially coincident with radio jets/lobes, indicating the interaction between the hot ISM and radio jets. Also point sources (mostly LMXBs) are individually resolved down to Lx = a few x $10^{37};erg;sec^{-1}$ and it is for the first time possible to unequivocally investigate their properties and the X-ray luminosity function. After correcting for incompleteness, the XLF of LMXBs is well reproduced by a single power law with a slope of -1.0 - -1.5, which is in contrast to the previous report on the existence of the XLF break at Lx, Eddington = 2 x $10^{38};erg;sec^{-1}$ (i.e., Eddington luminosity of a neutron star binary). Carefully considering both detected and undetected, hidden populations of point sources we further discuss the XLF of LMXBs and the metal abundance of the hot ISM and their impact on the properties of early type galaxies.