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 (Date of earliest event reported):
                                   May 2, 2007

                        Integrated Silicon Solution, Inc.

                                 --------------
             (Exact name of registrant as specified in its charter)

           Delaware                  000-23084                   77-0199971
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(State or other jurisdiction        (Commission                 (IRS Employer
      of incorporation)             File Number)             Identification No.)

                  1940 Zanker Road, San Jose, California 95112
             (Address of Principal Executive Offices of Registrant)

       Registrant's telephone number, including area code: (408) 969-6600

                    2231 Lawson Lane, Santa Clara, California
                95054 (Former name or former address, if changed
                               since last report)

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:

|_| 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))



Item 2.02  Results of Operations and Financial Condition.

      The information under this Item 2.02 is being furnished as contemplated by
General Instruction B(2) to Form 8-K.

      On May 2, 2007, we announced selected financial results of our operations
for the second fiscal quarter ended March 31, 2007. The complete release is
attached to this report as Exhibit 99.1.

Item 9.01  Financial Statements and Exhibits.

      (d) Exhibits.

      99.1 Press Release dated May 2, 2007.



                                    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.

                                      INTEGRATED SILICON SOLUTION, INC.

Date:  May 2, 2007                    /s/ SCOTT D. HOWARTH
                                      ------------------------------------------

                                      Scott D. Howarth
                                      Vice-President and Chief Financial Officer



                                INDEX TO EXHIBITS

99.1              Press Release dated May 2, 2007

EX-99.1

FOR IMMEDIATE RELEASE

ISSI ANNOUNCES SELECTED FINANCIAL RESULTS FOR FISCAL SECOND QUARTER

      San Jose, Calif.--May 2, 2007--Integrated  Silicon Solution, Inc. (Nasdaq:
ISSI) today reported  selected  financial  results for the second fiscal quarter
ended March 31, 2007.

      Revenue in the quarter ending March 31, 2007 was $60.0  million,  compared
with $62.1  million  reported in the December  2006 quarter and $53.2 million in
the March 2006 quarter. This represents a decline of 3.4% from the December 2006
quarter, and a 12.8% increase from the same period in the previous year.

      The Company's cash, cash  equivalents and short-term  investments  totaled
$121.5  million at March 31, 2007 which was an increase  of $12.1  million  from
December 31, 2006.  This  increase was  primarily  due to proceeds from sales of
investment  securities.  The Company's inventory at March 31, 2007 totaled $55.6
million which was flat with the quarter ending December 31, 2006.

      "Demand for memories in our target  markets was flat this  quarter,  while
DRAM price  declines  capped a  challenging  quarter"  said  Jimmy  Lee,  ISSI's
Chairman  and CEO.  "We are pleased  with only a slight drop in revenue from the
prior quarter, and strong growth over the same period a year ago."

      Due to the  continuing  internal  investigation  of its past stock  option
granting  practices by the Special  Committee of the Board of Directors  and the
pending restatement of the Company's past financial results,  the Company is not
providing detailed GAAP or Non-GAAP financial information for the fiscal quarter
ended March 31, 2007.  The Company  intends to issue full results for the fiscal
quarter  ended  March  31,  2007,  and to file  its Form  10-Q for that  period,
together  with  any  restated  historical  financial  statements,   as  soon  as
practicable  after  completion  of the  restatement.  The Company  was  recently
advised,  as expected,  that the Securities and Exchange Commission has issued a
nonpublic formal order of private investigation in connection with its review of
the Company's historical stock option granting practices.

Conference Call

      A conference call will be held today at 1:30 p.m.  Pacific time to discuss
this  release.  To access ISSI's  conference  call via  telephone,  dial 1 (719)
457-2621 by 1:20 p.m. Pacific time. The call will be webcast from ISSI's website
at www.issi.com.

                                     -more-



ISSI Release
May 2, 2007
Page 2

About the Company

      ISSI is a fabless  semiconductor  company  that  designs and markets  high
performance  integrated  circuits for the  following  key  markets:  (i) digital
consumer  electronics,  (ii) networking,  (iii) mobile  communications  and (iv)
automotive  electronics.  The Company's  primary products are high speed and low
power SRAM and low and medium density DRAM. The Company also designs and markets
EEPROM, SmartCards and is developing selected non-memory products focused on its
key markets.  ISSI is headquartered in Silicon Valley with worldwide  offices in
China,  Europe,  Hong  Kong,  India,  Korea  and  Taiwan.  Visit our web site at
www.issi.com.

Risk Factors to our Business

      The  statements  in  this  press  release  regarding  flat  demand,  price
declines,  and strong growth are historical and should not be read as predictive
of future results.  Among the risks affecting our business are supply and demand
conditions in the market place,  unexpected reductions in average selling prices
for our  products,  our ability to sell our  products  for the die  business and
automotive  applications  and the  pricing  and gross  margins  achieved on such
sales,  our  ability  to  control  or  reduce  operating  expenses,  changes  in
manufacturing yields, order cancellations,  order rescheduling, product warranty
claims, competition,  the level and value of inventory held by OEM customers, or
other factors. In addition,  the financial  information in this press release is
unaudited and subject to any adjustments that may be made in connection with the
year end audit and quarterly reviews.

      Further  information about risks that could affect the Company's  business
are  detailed  in ISSI's  periodic  filings  with the  Securities  and  Exchange
Commission,  including  its report on Form 10-Q for the quarter  ended March 31,
2006 and its reports on Form 8-K.

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CONTACT:
Scott Howarth
Vice-President & CFO
Investor Relations
(408) 969-4686
ir@issi.com