Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Tsai Chen Lung
2. Date of Event Requiring Statement (Month/Day/Year)
10/18/2004
3. Issuer Name and Ticker or Trading Symbol
SILICON STORAGE TECHNOLOGY INC [SSTI]
(Last)
(First)
(Middle)
C/O 1171 SONORA COURT
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SUNNYVALE, CA 94086
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 87,050
D
 
Common Stock 3,000
I
for minor daughter
Common Stock 3,000
I
for minor son

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Options (right to buy) 02/19/1998 04/28/2007 Common Stock 7,812 $ 1.04 D  
Options (right to buy) 12/02/1997 04/28/2007 Common Stock 1,250 $ 1.04 D  
Options (right to buy) 02/19/2001 07/06/2008 Common Stock 25,755 $ 0.95 D  
Options (right to buy) 07/09/1999 07/06/2008 Common Stock 7,875 $ 0.95 D  
Options (right to buy) 02/19/2002 07/01/2009 Common Stock 23,193 $ 2.36 D  
Options (right to buy) 09/01/2000 09/24/2009 Common Stock 15,000 $ 4.42 D  
Options (right to buy) 01/01/2001 01/06/2010 Common Stock 60,000 $ 9.85 D  
Options (right to buy) 02/19/2003 08/02/2010 Common Stock 23,108 $ 18.6 D  
Options (right to buy) 02/19/2004 10/01/2011 Common Stock 13,921 $ 4.46 D  
Options (right to buy) 02/19/2005 10/15/2012 Common Stock 10,010 $ 3.65 D  
Options (right to buy) 02/19/2006 10/01/2013 Common Stock 9,042 $ 9.32 D  
Options (right to buy) 08/01/2005 09/30/2014 Common Stock 30,000 $ 6.37 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tsai Chen Lung
C/O 1171 SONORA COURT
SUNNYVALE, CA 94086
      Senior Vice President  

Signatures

Chen Lung Tsai 10/28/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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