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 6, 2004

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

                                    DELAWARE
                          (State or other jurisdiction
                                of incorporation)


            000-32929                                    77-0291941
     Commission File Number                           (I.R.S. Employer
                                                    Identification Number)






                               1020 Stewart Drive
                           Sunnyvale, California 94085
                -------------------------------------------------
               (Address of principal executive offices) (Zip Code)

      (Registrant's telephone number, including area code): (408) 731-1800











ITEM 7.       EXHIBITS

     (c)      Exhibit 99.1 which is a press release issued by Monolithic System
              Technology, Inc. on May 6, 2004 is being furnished with this
              report pursuant to Item 12 (a).

ITEM 12.      Results of Operations and Financial Conditions


The following information is being provided under Item 12:

     (a)      The following information is being furnished by Monolithic System
              Technology, Inc. as required by Item 12 (a) and shall not be
              deemed to be "filed" for purposes of Section 18 of the Securities
              and Exchange Act of 1934.

              On May 6, 2004, Monolithic System Technology, Inc. issued a press
              release announcing results for the fiscal year and quarter ended
              March 31, 2004. A copy of this press release is furnished as
              Exhibit 99.1 to this report and is incorporated by reference in
              response to Item 12 (a).

     Exhibits
     --------
     99.1     Financial information for Monolithic System Technology, Inc. for
              the fiscal year and quarter ended March 31, 2004 as presented in a
              press release dated May 6, 2004.


                                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.


                                   By:  /s/ Mark Voll
                                        ----------------------------------------
                                        Name: Mark Voll
                                        Title: Vice President, CFO and Secretary
                                        May 6, 2004