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  <TITLE> STANDARD MICROSYSTEMS CORPORATION (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	December 21, 2006
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  	STANDARD MICROSYSTEMS CORPORATION
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	0-7422
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  	11-2234952
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	80 Arkay Drive, Hauppauge, New York
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  	11788-3728
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	631 434-6300
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
  </P>
  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 2.02 Results of Operations and Financial Condition.
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   On December 21, 2006, Standard Microsystems Corporation (the "Company") issued a press release announcing its financial results for its second quarter ended November 30, 2006. A copy of the press release is furnished herewith and attached as Exhibit 99.1.<br><br> Management of the Company will host a teleconference on December 21, 2006 at 8:00 AM eastern time to discuss the Company's results. Details on accessing the teleconference are contained in the Company's press release dated December 13, 2006 announcing the teleconference. An audio replay of the teleconference will be available on a 24-hour basis from December 21-27, 2006 and can be accessed by dialing 1-888-203-1112 and entering the following passcode: 4578955. In addition, a webcast archive of the audio and slide presentation will be available on the investor relations portion of the Company's website at http://www.smsc.com.<br><br> Use of Non-GAAP Financial Information<br><br> Included within the press release are non-GAAP financial measures that supplement the Company's Condensed Consolidated Statements of Operations prepared under generally accepted accounting principles (GAAP). These non-GAAP financial measures adjust the Company's actual results prepared under GAAP to exclude certain charges as more fully described in the accompanying press release. The non-GAAP measures have been reconciled to and should be considered together with the Condensed Consolidated Statements of Operations. These non-GAAP measures are not meant as a substitute for GAAP, but are included solely for informational and comparative purposes. The Company's management believes that this information assists in evaluating operational trends, but should not be regarded as a replacement for corresponding, similarly captioned, GAAP measures.<br><br> The information in this Item 2.02 and Item 9.01 and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing.<br>
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  	Item 9.01 Financial Statements and Exhibits.
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  ( c ) Exhibits<br> 99.1 - Press release dated December 21, 2006, reporting Standard Microsystems Corporation's financial results for its second quarter ended November 30, 2006.<br>
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  	SIGNATURES
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  	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.
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  	STANDARD MICROSYSTEMS CORPORATION
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  	&nbsp;&nbsp;
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  <I>
  	December 21, 2006
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  	&nbsp;
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  	By:
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  <I>
  	Joseph S. Durko
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  	&nbsp;
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  <I>
  	Name: Joseph S. Durko
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  <I>
  	Title: Vice President, Corporate Controller and Chief Accounting Officer (duly authorized officer)
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	&nbsp;
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  	Description
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  	99.1
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  	&nbsp;
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  <FONT SIZE="2">
  Press release dated December 21, 2006, reporting Standard Microsystems Corporation's financial results for its third quarter ended November 30, 2006.
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text: STANDARD MICROSYSTEMS CORPORATION (Form: 8-K)
  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):
  December 21, 2006
  STANDARD MICROSYSTEMS CORPORATION
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  0-7422
  11-2234952
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  80 Arkay Drive, Hauppauge, New York
  11788-3728
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  631 434-6300
  Not Applicable
  ______________________________________________
  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:
  [  ]  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))
  Top of the Form
  Item 2.02 Results of Operations and Financial Condition.
  On December 21, 2006, Standard Microsystems Corporation (the "Company") issued a press release announcing its financial results for its second quarter ended November 30, 2006. A copy of the press release is furnished herewith and attached as Exhibit 99.1.
  Management of the Company will host a teleconference on December 21, 2006 at 8:00 AM eastern time to discuss the Company's results. Details on accessing the teleconference are contained in the Company's press release dated December 13, 2006 announcing the teleconference. An audio replay of the teleconference will be available on a 24-hour basis from December 21-27, 2006 and can be accessed by dialing 1-888-203-1112 and entering the following passcode: 4578955. In addition, a webcast archive of the audio and slide presentation will be available on the investor relations portion of the Company's website at http://www.smsc.com.
  Use of Non-GAAP Financial Information
  Included within the press release are non-GAAP financial measures that supplement the Company's Condensed Consolidated Statements of Operations prepared under generally accepted accounting principles (GAAP). These non-GAAP financial measures adjust the Company's actual results prepared under GAAP to exclude certain charges as more fully described in the accompanying press release. The non-GAAP measures have been reconciled to and should be considered together with the Condensed Consolidated Statements of Operations. These non-GAAP measures are not meant as a substitute for GAAP, but are included solely for informational and comparative purposes. The Company's management believes that this information assists in evaluating operational trends, but should not be regarded as a replacement for corresponding, similarly captioned, GAAP measures.
  The information in this Item 2.02 and Item 9.01 and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing.
  Item 9.01 Financial Statements and Exhibits.
  ( c ) Exhibits
  99.1 - Press release dated December 21, 2006, reporting Standard Microsystems Corporation's financial results for its second quarter ended November 30, 2006.
  Top of the Form
  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.
  STANDARD MICROSYSTEMS CORPORATION
  December 21, 2006
  By:
  Joseph S. Durko
  Name: Joseph S. Durko
  Title: Vice President, Corporate Controller and Chief Accounting Officer (duly authorized officer)
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.1
  Press release dated December 21, 2006, reporting Standard Microsystems Corporation's financial results for its third quarter ended November 30, 2006.