INTEGRATED CIRCUIT SYSTEMS INC
8-K, 2000-03-30
SEMICONDUCTORS & RELATED DEVICES
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                      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): March 27, 2000


                       INTEGRATED CIRCUIT SYSTEMS, INC.
                      -----------------------------------
            (Exact name of registrant as specified in its charter)


            Pennsylvania                                   0-19299
             23-2000174                                 (Commission
          (I.R.S. Employer                              File Number)
         of Incorporation
        Identification No.)

        2435 Boulevard of the Generals, Norristown, Pennsylvania 19403
                   (Address of principal executive offices)


                                (610) 630-5300
             (Registrant's telephone number, including area code)

Item 5.  Other Events

        On March 27, 2000, Integrated Circuit Systems, Inc. issued a press
release (attached hereto as exhibit 99) announcing the filing of a registration
statement relating to the proposed initial public offering of its common stock.


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(c)  Exhibits.
     --------

      Number            Description
      ------            -----------
        99              Press Release dated March 27, 2000



                                   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.


                                      INTEGRATED CIRCUIT SYSTEMS, INC.

Date: March 27, 2000                  By:          /s/ Hock E. Tan
                                          -----------------------------------
                                          Hock E. Tan
                                          President and Chief Executive Officer



<PAGE>

                       Integrated Circuit Systems, Inc.



                                    Corporate Headquarters
                                    2435 Boulevard of the Generals
                                    Norristown, PA  19403
                                    Phone:  610.630.5300
                                    Fax:  610.630.5399
                                    Web Site: http://www.icst.com
                                              -------------------



Contact:  Justine Lien, CFO
          Integrated Circuit Systems, Inc.
          610-630-5300


                        INTEGRATED CIRCUIT SYSTEMS, INC.
                           FILES FOR AN IPO WITH SEC


Valley Forge, PA --  March 27, 2000 -- Integrated Circuit Systems, Inc.
announced today that it has filed with the Securities and Exchange Commission a
registration statement relating to a proposed initial public offering of its
common stock.  Certain shareholders  are expected to sell shares of common stock
in, and receive a portion of the proceeds from, our proposed initial public
offering.

The proposed shares will be offered by an underwriting group led by Credit
Suisse First Boston, Inc.

The net cash  proceeds of this offering will be used to redeem or repurchase
outstanding senior subordinated notes, repay  in full all outstanding
obligations under the company's senior bank credit facility,  pay fees and
expenses of this offering, and  fund general corporate requirements.

                                      ###

Integrated Circuit Systems, Inc. is the leader in the design, development and
marketing of silicon timing devices for communications, networking, computing
and digital multimedia  applications.  The Company is headquartered in Valley
Forge, PA, with key facilities in San Jose, CA, Tempe, AZ and Singapore.

A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective.  These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective.  This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.


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