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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) August 4, 2005

                       ALLIANCE SEMICONDUCTOR CORPORATION
             (Exact name of registrant as specified in its charter)

                                    000-22594
                            (Commission File Number)

            Delaware                                     77-0057842
 (State or other jurisdiction of            (I.R.S. Employer Identification No.)
         incorporation)

                              2575 Augustine Drive
                       Santa Clara, California 95054-2914
             (Address of principal executive offices, with zip code)

                                 (408) 855-4900
              (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:

|_|  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 August 4, 2005, Alliance Semiconductor Corporation issued a press release
announcing its financial results for the first fiscal quarter ended June 25,
2005. A copy of this press release is furnished as Exhibit 99.1 to this report
and is incorporated into this Form 8-K by reference.

The information furnished pursuant to this Item 2.02, including Exhibit 99.1,
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act) or otherwise subject to the
liabilities under that Section and shall not be deemed to be incorporated by
reference into any filing of the Registrant under the Securities Act of 1933, as
amended, or the Exchange Act.

Item 9.01    Financial Statements and Exhibits.

     (c)  Exhibits.

     99.1. Press Release issued August 4, 2005.


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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.


                          ALLIANCE SEMICONDUCTOR CORPORATION

Date: August 4, 2005      By: /s/ N. Damodar Reddy
                              --------------------------------------------------
                               N. Damodar Reddy
                               Chairman of the Board, President, Chief Executive
                               Officer and interim Chief Financial Officer


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