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)       November 30, 2006
                                                 -------------------------------


                          CATALYST SEMICONDUCTOR, INC.
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             (Exact name of registrant as specified in its charter)


           Delaware                   0-21488                77-0083129
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 (State or other jurisdiction    (Commission File          (IRS Employer
       of incorporation)              Number)            Identification No.)



     2975 Stender Way, Santa Clara, California                  95054
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      (Address of Principal Executive Offices)                (Zip Code)


Registrant's telephone number, including area code    (408) 542-1000
                                                   -----------------------------


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          (Former Name or Former Address, if Changed Since Last Report)

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 November 30, 2006, Catalyst Semiconductor, Inc. issued a press release
announcing its financial results for its second fiscal quarter ended October 31,
2006. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.

     The information in this Form 8-K and the exhibits attached hereto shall not
be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), or incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as shall be specifically set forth by specific reference in such filing.


Item 9.01  Financial Statements and Exhibits.

(d)    Exhibits

     Exhibit                                 Description
     -------                                 -----------

      99.1         Press Release of Catalyst Semiconductor, Inc. dated November
                   30, 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.

Dated: November 30, 2006

                                       CATALYST SEMICONDUCTOR, INC.


                                       By: /s/ Gelu Voicu
                                           -------------------------------------
                                           Gelu Voicu
                                           President and Chief Executive Officer


                                       By: /s/ Thomas E. Gay III
                                           -------------------------------------
                                           Thomas E. Gay III
                                           Vice President, Finance and
                                           Administration and Chief Financial
                                           Officer





                          CATALYST SEMICONDUCTOR, INC.

                                    FORM 8-K

                                INDEX TO EXHIBITS

     Exhibit                                 Description
     -------                                 -----------

      99.1         Press Release of Catalyst Semiconductor, Inc. dated November
                   30, 2006.