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): February 15, 2006


                       Monolithic System Technology, Inc.
             (Exact name of registrant as specified in its charter)

                                    000-32929
                            (Commission File Number)

          Delaware                                               77-0291941
(State or other jurisdiction                                  (I.R.S. Employer
      of incorporation)                                      Identification No.)


                             755 N. Mathilda Avenue
                           Sunnyvale, California 94085
             (Address of principal executive offices, with zip code)

                                 (408) 731-1800
              (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))




Item 2.02 Results of Operations and Financial Condition.

On February 15, 2006, Monolithic System Technology, Inc. issued a press release
announcing its financial results for the fourth fiscal quarter ended December
31, 2005. A copy of this press release is furnished as Exhibit 99.1 to this
report. The press release should be read in conjunction with the statements
regarding forward-looking statements, which are included in the text of the
release.

The information disclosed under this Item 2.02, including Exhibit 99.1 hereto,
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, and shall not be deemed incorporated by reference into any
filing made by Monolithic System Technology, Inc. under the Securities Act of
1933, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(c)  Exhibits.

Exhibit No.                    Description
================================================================================

99.1              Press Release issued February 15, 2006.
====




                                   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.


                                              MONOLITHIC SYSTEM TECHNOLOGY, INC.


Date: February 15, 2006                       By: /s/ Chet Silvestri
                                                  ------------------------------
                                                  Chet Silvestri
                                                  Chief Executive Officer




                                  EXHIBIT INDEX
                                  =============

Exhibit No.                    Description
================================================================================

99.1              Press Release issued February 15, 2006.
====