8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

Amendment No. 1

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 16, 2007

SILICON STORAGE TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
California	000-26944	77-0225590
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
1171 Sonora Court Sunnyvale, California		94086
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code: (408) 735-9110
Not Applicable
(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 (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))

Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The Board of Directors of Silicon Storage Technology, Inc., or SST, appointed Edward Yao-Wu Yang to SST’s Board of Directors, or the Board, effective October 16, 2007.  Mr. Yang was subsequently appointed to the Compensation Committee of the Board, effective October 19, 2007.  Mr. Yang, age 57, served as Vice President and Chief Technology Officer of the Personal Systems Group of the Hewlett-Packard Company, a hardware and software technology company, from 1998 to 2005. From 1995 to 1998, Mr. Yang served as Group R&D Manager for the Personal Systems Group of the Hewlett-Packard Company. Mr. Yang holds a B.S. in Electrical Engineering from the National Cheng-Kung University (Taiwan) and an M.S. in Electrical Engineering from Oregon State University.

Concurrent with his appointment to the Board, Mr. Yang was automatically granted a stock option to purchase 45,000 shares of SST’s Common Stock at an exercise price of $3.62 per share pursuant to SST’s 1995 Non-Employee Directors’ Stock Option Plan.  The exercise price is equal to the closing price of SST’s Common Stock as reported on the NASDAQ Global Market on October 15, 2007.  One-quarter of shares subject to the stock option will vest on the yearly anniversary of the grant date.  Pursuant to SST’s Director Retainer Program, Mr. Yang is entitled to receive between $20,000 and $30,000 annually and $800 and $1,500 per meeting, based on his position on the Board, in connection with his attendance of Board and committee meetings. In addition, he will be entitled to reimbursement for certain travel-related expenses in connection with his attendance at Board and committee meetings in accordance with SST’s policy. The Director Retainer Program is filed as Exhibit 10.15 to SST’s Current Report on Form 8-K filed with the Securities and Exchange Commission on April 21, 2005.

In connection with his appointment as member of the Board, SST will enter into an indemnity agreement with Mr. Yang. SST has entered into indemnity agreements with each of its executive officers and directors which provide, among other things, that SST will indemnify these persons, under the circumstances and to the extent provided for therein, for expenses, damages, judgments, fines and settlements he or she may be required to pay in actions or proceedings which he or she is or may be made a party by reason of his or her position as director, officer or agent of SST, and otherwise to the full extent permitted under California law and SST’s bylaws.

A copy of the press release announcing the appointment of Mr. Yang to the Board is attached hereto as Exhibit 99.1.

Item 9.01  Financial Statements and Exhibits.

(d)           Exhibits

Exhibit Number	Description
99.1	Exhibit 99.1  Press Release, dated October 18, 2007, entitled “SST Appoints Edward Y.W. Yang to its Board of Directors.”

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, thereunto duly authorized.

Dated  October 23, 2007

	SILICON STORAGE TECHNOLOGY, INC.
By:	/s/ Bing Yeh
	Bing Yeh
	President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Exhibit 99.1  Press Release, dated October 18, 2007, entitled “SST Appoints Edward Y.W. Yang to its Board of Directors.”

EX-99.1

       Silicon Storage Technology, Inc.

News Release

For More Information Contact:

Leslie Green

Green Communications Consulting, LLC

(650) 312-9060

SST Appoints Edward Y.W. Yang to Its Board of Directors

SUNNYVALE, Calif., Oct. 18, 2007 -- SST (Silicon Storage Technology, Inc.; NASDAQ: SSTI),a leader in flash memory technology, today announced that it has increased the size of its Board of Directors from six to seven members and elected Edward Y.W. Yang, to the Board, effective October 16, 2007.

Yang, 57, retired in 2005 after a 25-year career with Hewlett-Packard Company in the Silicon Valley. His last assignment at HP was vice president and chief technology officer for the Personal Systems Group in the Corporate Office of Strategy and Technology. Prior to that, he was vice president and chief technical officer of Hewlett-Packard’s Computing Systems business, vice president and chief technical officer of Hewlett-Packard’s Personal System Group and a general manager in Hewlett-Packard’s Telecom System business unit.   He also served as the co-leader of the integration team for the Enterprise Systems Group during the Hewlett-Packard and Compaq merger.  Prior to joining Hewlett-Packard in 1980, Yang held various positions at Bell Northern Research and General Automation.

 “We are extremely pleased to welcome Ed to the SST Board of Directors,” said Bing Yeh, chairman, president and chief executive officer, SST.  “With a wealth of strong operational and strategic planning background, in conjunction with his diverse technical and market knowledge in the IT industry, Ed will be a tremendous addition to our Board.”

Yang holds a bachelor’s degree in electrical engineering from the National Cheng-Kung University (Taiwan) and a master’s degree in electrical engineering from Oregon State University.

About Silicon Storage Technology, Inc.

Headquartered in Sunnyvale, California, SST designs, manufactures and markets a diversified range of memory and non-memory products for high volume applications in the digital consumer, networking, wireless communications and Internet computing markets.  Leveraging its proprietary, patented SuperFlash technology, SST is a leading provider of nonvolatile memory solutions with product families that include various densities of high functionality flash memory components and flash mass storage products.  The Company also offers its SuperFlash technology for embedded applications through its broad network of world-class manufacturing partners and technology licensees, including TSMC, which offers it under its trademark Emb-FLASH.  SST’s non-memory products include NAND controller-based products, smart card ICs, flash microcontroller and radio frequency ICs and modules.  Further information on SST can be found on the company's Web site at http://www.sst.com.

Forward-Looking Statements

Except for the historical information contained herein, this news release contains forward-looking statements regarding memory and non-memory market conditions, SST’s future financial performance, the performance of new products, SST’s licensing business, SST’s ability to diversify its business, the transition of SST’s products to smaller geometrics, and SST’s ability to bring new products to market, all of which involve risks and uncertainties.  These risks may include timely development, acceptance and pricing of new products, the terms, conditions and revenue recognition issues associated with licensees’ royalty payments, the impact of competitive products and pricing, and general economic conditions as they affect SST’s customers, as well as other risks detailed from time to time in the SST’s  SEC reports, including the Annual Report on Form 10-K for the year ended December 31, 2005.

For more information about SST and the company’s comprehensive list of product offerings, please call 1-888/SST-CHIP.  Information can also be requested via email to literature@sst.com or through SST’s Web site at http://www.sst.com.  SST’s head office is located at 1171 Sonora Court, Sunnyvale, Calif.; telephone: 408/735-9110; fax: 408/735-9036.

The SST logo and SuperFlash are registered trademarks of Silicon Storage Technology, Inc. All other trademarks or registered trademarks are the property of their respective holders.

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