Stack bacon and cut in half lengthwise. Cut crosswise using Santoku Knife.Cook bacon in 11- or 12-in. (28- or 30-cm) Skillet over medium heat 4-5 minutes or until browned. Meanwhile, finely chop onion using Food Chopper.Add onion, garlic pressed with Garlic Press and pepper flakes to Skillet. Cook another 3-4 minutes or until onion is tender.Add pasta, stock and evaporated milk. Cover and bring to a simmer. (Do not boil.) Simmer 12-14 minutes or until pasta is still a little firm, stirring occasionally.Grate Parmesan using Rotary Grater. Remove Skillet from heat. Stir in cream cheese, peas and Parmesan. Let stand, covered, 5 minutes or until sauce is thick and creamy.