8-K

UNITED STATES

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 9, 2004

Applied Micro Circuits Corporation

(Exact Name of Registrant as Specified in Charter)

DELAWARE	000-23193	94-2586591
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

6290 SEQUENCE DRIVE

SAN DIEGO, CALIFORNIA 92121

(Address of Principal Executive Offices)

(858) 450-9333

(Registrants telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.13e-4(c))

Item 7.01. Regulation FD Disclosure.

On September 9, 2004, David M. Rickey, Chairman of the Board, President and Chief Executive Officer of the registrant, provided to the registrant’s Board of Directors notice of his intention to resign all of his positions with the registrant effective August 25, 2005. On September 15, 2004, the registrant’s issued the press release attached hereto as Exhibit 99.1.

The information in this Current Report is being filed for the purposes of Section 18 of the Securities Exchange Act of 1934. The information in this Current Report shall be incorporated by reference into registration statements and other documents filed with the Commission.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

99.1  Press Release, dated September 15, 2004.

SIGNATURES

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
Date: September 15, 2004	By:	/s/ Stephen M. Smith
		Stephen M. Smith
		Senior Vice President, Finance and Administration, and Chief Financial Officer

INDEX TO EXHIBITS

99.1  Press Release, dated September 15, 2004.

EX-99.1

Exhibit 99.1

Company Contact:	AMCC Editorial Contact:
Applied Micro Circuits Corporation	The Ardell Group
Steve Smith	Karina Shaver
(858) 450-9333	(858) 792-4115
E-mail: ssmith@amcc.com	E-mail: karina@ardellgroup.com

Applied Micro Circuits Corporation’s CEO David M. Rickey To Retire in 2005;

Search Underway for Successor

SAN DIEGO – September 15, 2004 – Applied Micro Circuits Corporation [NASDAQ:AMCC] today announced that the company’s Chairman of the Board, President and Chief Executive Officer, David M. Rickey has provided to the company’s Board of Directors notice of his intention to resign all of his positions with the company effective August 25, 2005. The Board of Directors has commenced a search for his successor.

“I have been honored to be part of AMCC for more than 8 years. This is a great company,” stated Mr. Ricky. “I am leaving to spend more time with my family, but intend to remain with AMCC and work with the other members of the Board of Directors toward a smooth transition.”

Rickey served as AMCC’s Vice President of Operations from August 1993 until May 1995 when he left to become the Vice President of Operations at NextGen. He re-joined AMCC as President and Chief Executive Officer in February 1996 at which time he was also elected a Director of the company. In August 2000, Rickey was appointed Chairman of the Board. Under Rickey’s leadership, AMCC completed its initial public offering, two follow-on offerings and a number of acquisitions.

About AMCC

AMCC provides the essential building blocks for the processing, moving and storing of information worldwide. The company blends systems and software expertise with high-performance, high-bandwidth silicon integration to deliver silicon, hardware and software solutions for global wide area networks (WAN), embedded applications, storage area networks (SAN), and high-growth storage markets such as Serial ATA (SATA) RAID. AMCC’s corporate headquarters are located in San Diego, California. Sales and engineering offices are located throughout the world. For further information regarding AMCC, please visit our web site at http://www.amcc.com.

Forward-Looking Statements

This news release contains forward-looking statements, including statements regarding the management transition described in this news release, that are subject to certain risks and uncertainties, including, but not limited to, those associated with the hiring and retaining of qualified management personnel as well as additional risk factors set forth in the Company’s Annual Report on Form 10-K for the year ended March 31, 2004, and the Company’s other filings with the Securities and Exchange Commission. Actual results could differ materially, as a result of such factors, from those set forth in the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and AMCC does not assume any obligation to update any forward-looking statement.

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AMCC is a registered trademark of Applied Micro Circuits Corporation. All other trademarks and registered trademarks are the property of their respective owners.