8-K

                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                   FORM 8-K

                                CURRENT REPORT
                    Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

     Date of Report (Date of earliest event reported):  September 1, 1999



                      APPLIED MICRO CIRCUITS CORPORATION
            (Exact name of registrant as specified in its charter)



                                   Delaware
                (State or other jurisdiction of incorporation)


   000-23193                                                94-2586591
(Commission File No.)                          (IRS Employer Identification No.)

                              6290 Sequence Drive
                          San Diego, California 92121
             (Address of principal executive offices and zip code)


      Registrant's telephone number, including area code:  (858) 450-9333


Item 5.   Other Events.

     On September 1, 1999, Applied Micro Circuits Corporation ("AMCC") announced
stockholder approval of an amendment to AMCC's Amended and Restated Certificate
of Incorporation to increase the authorized shares of Common Stock from
60,000,000 shares to 180,000,000 shares (the "Amendment"). In connection with
the Amendment, the Board of Directors of AMCC approved a two-for-one stock split
to be implemented as a 100% stock dividend (the "Stock Split"). Each AMCC
stockholder of record as of September 2, 1999 will receive one additional share
of Common Stock for each share of Common Stock held. In addition, the number of
shares of Common Stock reserved for issuance or subject to outstanding options
granted under AMCC's employee stock plans will increase by 100%. As a result of
the Stock Split, the following Registration Statements which cover AMCC's
employee stock plans, also increase the number of shares registered by 100%:
333-40905; 333-47185; 333-74787; 333-76767; 333-76185. AMCC hereby incorporates
by reference the contents of the news release announcing the filing of the
Amendment filed as Exhibit 99.1.

Item 7.   Financial Statements and Exhibits.

     (c)       Exhibits.

               99.1  News Release dated September 1, 1999.

                                      2.


                                   SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                   Applied Micro Circuits Corporation


Dated: September 1, 1999           By: /s/ William E. Bendush
                                      -----------------------------------
                                        William E. Bendush
                                        Secretary

                                      3.


                               INDEX TO EXHIBITS

     99.1   News Release dated September 1, 1999.

EX-99.1

                                                                    Exhibit 99.1

FOR ADDITIONAL INFORMATION:

William Bendush, Vice President,
     Chief Financial Officer

(858) 450-9333
Debra Hart, Investor Relations Manager
(858) 535-4217


FOR IMMEDIATE RELEASE

September 1, 1999

APPLIED MICRO CIRCUITS CORPORATION ANNOUNCES STOCKHOLDER APPROVAL FOR TWO-FOR-
ONE STOCK SPLIT

San Diego, CA,-September 1, 1999 - Applied Micro Circuits Corporation (AMCC)
[Nasdaq: AMCC] today announced that its stockholders approved an increase in the
Company's authorized shares of Common Stock from 60,000,000 shares to
180,000,000 shares. This approval was obtained at the Company's Special Meeting
of Stockholders held today, September 1, 1999.

As a result, AMCC will effect its previously announced two-for-one stock split
(in the form of a stock dividend), originally approved by its Board of Directors
on August 3, 1999, subject to this stockholder approval. Stock certificates
representing one additional share for each share held will be mailed on or about
September 9, 1999 (payment date) to all stockholders of record at the close of
business on September 2, 1999 (record date). Upon completion of the split, the
number of shares of Common Stock outstanding will be approximately 53.8 million
shares.

AMCC designs, develops, manufactures and markets high-performance, high-
bandwidth silicon solutions for the world's communications infrastructure. The
Company utilizes a combination of high-frequency analog, mixed-signal and
digital design expertise coupled with system-level knowledge and multiple
silicon process technologies to offer IC products for the wide area network
markets that address the SONET/SDH and ATM transmission standards and for the
fiber optic based portions of the local area network markets that address the
Gigabit Ethernet and Fibre Channel transmission standards. AMCC's corporate
headquarters and wafer fabrication facilities are located in San Diego,
California. Sales and consulting engineering offices are located throughout the
world.


For further information regarding AMCC please visit our Web site at
http://www.amcc.com or call our shareholder information line at (888) 982-AMCC
- -------------------
(2622).