8-K

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                                  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: January 22, 2007


                               Simtek Corporation
               (Exact Name of Registrant as Specified in Charter)


          Delaware                    0-19027                   84-1057605
(State or other jurisdiction        (Commission                (IRS Employer
     of incorporation)              File Number)             Identification No.)



      4250 Buckingham Dr. #100, Colorado Springs, CO 80907
            (Address of Principal Executive Offices)



                                 (719) 531-9444
              (Registrant's telephone number, including area code)



Check the appropriate box below if the Form 8-K filing 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 CFR 240.13e-4(c))




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Item 2.02:  Results of Operations and Financial Condition

     On January 22, 2007, Simtek Corporation (the "Company") issued a press
release announcing to investors that, among other things, it expects 2006 annual
revenue to be approximately $30.6 million, that GAAP profit is expected for the
fourth quarter of 2006, that it has a backlog for the first quarter of 2007 of
approximately $7.1 million (measured as of December 31, 2006) and that the
fourth quarter and year-end 2006 investor earnings call will be held on February
22, 2007. A copy of the press release is included herewith as Exhibit 99.1

Item 9.01:  Financial Statements and Exhibits


     (d)  Exhibits

          Exhibit Number    Description
          --------------    -----------

               99.1         Press release of the Company dated January 22, 2007,
                            titled "Simtek Expects 2006 Annual Revenue of $30.6
                            Million"



































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                                    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.


                                      SIMTEK CORPORATION


                                      By: /s/Brian Alleman
                                          --------------------------------------
                                          Brian Alleman, Chief Financial Officer


January 23, 2007




































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                                  EXHIBIT INDEX


Exhibit Number     Description
- --------------     -----------

    99.1           Press release of the Company dated January 22, 2007,
                   titled "Simtek Expects 2006 Annual Revenue of $30.6 Million".














































                                       4

EX-99

                                                                    Exhibit 99.1







               SIMTEK EXPECTS 2006 ANNUAL REVENUE OF $30.6 MILLION

        o    Fourth Quarter Total Revenue Expected to be $9.7 Million
        o    Fourth Quarter Product Revenue Expected to be $9.1 Million
        o    Fourth Quarter GAAP Profit Expected
        o    Backlog for Q107, a Quarterly Record, in Excess of $7.1 Million
        o    Investor Earnings Conference Call to be Held February 22nd

COLORADO SPRINGS, CO., January 22, 2007, - Simtek Corporation (NASDAQ: SMTK),
the inventor, pioneer, and world's leading supplier of nonvolatile static random
access memory (nvSRAM) integrated circuits, today announced that total revenue
for the year ended December 31, 2006, is expected to be approximately $30.6
million, up 194%, compared to revenues of $10.4 million in 2005.

Total revenue for the fourth quarter ended December 31, 2006 is expected to be
approximately $9.7 million. Total revenue includes product revenue of
approximately $9.1 million, which represents 10% growth over the prior quarter.
Total revenue for the quarter also includes royalty revenue of approximately
$550,000 for the final royalty pre-payment from Cypress Semiconductor. The
Company expects to report positive net income on a GAAP basis for the fourth
quarter of 2006, and on an ex-item basis for the full year 2006. Ex-item
earnings exclude non-cash charges related to amortization of the ZMD acquisition
and expensing of stock options.

The Company's order backlog scheduled for delivery in the first quarter of 2007,
as of December 31, 2006, was $7.1 million, a new quarter-ending record for
backlog of orders.

Brian Alleman, Simtek's CFO, stated, "Simtek made significant progress in the
fourth quarter in our return to profitability. Revenue increased nicely from Q3.
The overall product mix was favorable and gross margins continue to improve.
Simtek expects to report GAAP net income for the fourth quarter for the first
time in more than five years, and expects to achieve positive ex-item earnings
for the full year."

The Company will host an earnings conference call for the fourth quarter and
year-end 2006 on Thursday, February 22, 2007, at 2:00 pm PDT (5:00 pm EDT).
Further details will be provided at a later date.







About Simtek Corporation

Simtek Corporation designs and markets high-speed, re-programmable, nonvolatile
semiconductor memory products, for use in a variety of systems including RAID
servers, high performance workstations, GPS navigational systems, robotics,
copiers and printers, and networking and broadcast equipment. Information on
Simtek products can be obtained from its web site: www.simtek.com; email:
information@simtek.com. The company is headquartered in Colorado Springs,
Colorado.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements predicting
Simtek's future growth. These forward-looking statements are inherently
difficult to predict and involve risks and uncertainties that could cause actual
results to differ materially, including, but not limited to, projections of
future performance including predictions of future profitability and
expectations of the business environment in which Simtek operates. For a
detailed discussion of these and other risk factors, please refer to Simtek's
filings with the Securities and Exchange Commission (SEC), including its Annual
Report on Form 10-K and subsequent Form 10-Q and Form 8-K filings.

For further information, please contact:

Simtek Corp.                                    MKR Group, Inc.
Brian Alleman, CFO                              Todd Kehrli or Marie Dagresto
information@simtek.com                          323-468-2300
                                                smtk@mkr-group.com