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                                  EXHIBIT 11.1

                        INTEGRATED SILICON SOLUTION, INC.
                 STATEMENTS OF COMPUTATION OF EARNINGS PER SHARE
                      (IN THOUSANDS, EXCEPT PER SHARE DATA)


                                                                   Three Months Ended              Six Months Ended
                                                                         March 31                       March 31
                                                                  --------------------            ----------------------
                                                                    1996          1995              1996           1995
                                                                  -------       -------           -------        -------
                                                            
                                                                                                         
Net income ....................................                   $ 5,064       $ 5,394           $15,358        $ 7,951
                                                                  =======       =======           =======        =======
                                                            
Computation of weighted average common and                  
common equivalent shares outstanding:                       
                                                            
     Weighted average common shares                         
       outstanding ............................                    17,418        10,636            17,372          7,710

     Common equivalent shares from dilutive                 
       preferred stock ........................                        --         3,392                --          5,611
                                                            
     Common equivalent shares from dilutive                 
       common stock options and warrants ......                       902         1,640             1,025          1,311
                                                            
     Common equivalent shares from stock and                
       stock options granted during the twelve-             
       month period prior to the Company's                 
       proposed initial public offering .......                        --            --                 --           262
                                                                  -------       -------            -------       -------
                                                            
Shares used in per share calculations .........                    18,320        15,668             18,397        14,894
                                                            
                                                                  =======       =======            =======       =======
                                                            
Net income per share ..........................                   $  0.28       $  0.34            $  0.83       $  0.53
                                                                  =======       =======            =======       =======


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