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): January 18, 2001

                               IXYS CORPORATION
            (Exact name of registrant as specified in its charter)

                                   Delaware
                (State or other jurisdiction of incorporation)




       000-26124                                      77-0140882-5
  (Commission File No.)                     (IRS Employer Identification No.)




                              3540 Bassett Street
                             Santa Clara, CA 95054
             (Address of principal executive offices and zip code)

      Registrant's telephone number, including area code: (408) 982-0700

                                NOT APPLICABLE
        (Former name or former address, if changed since last report.)


                                --------------



Item 5.  Other Events

     This Current Report on Form 8-K contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Actual results
and developments may differ materially from those described or incorporated by
reference in this Report.  For more information about Registrant and risks
arising when investing in Registrant, investors are directed to Registrant's
most recent Report on Form 10-K as filed with the Securities and Exchange
Commission.

     On January 18, 2001, Registrant announced financial results for the three-
month period ended December 31, 2001.  A copy of the press release of Registrant
is included herein as Exhibit 99.1. Such press release is incorporated by
reference into this Item 5.

(c)  Exhibits

     Exhibit
     Number Description
     ------ -----------

     99.1   Press Release, January 18, 2001.

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                                  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.

                               IXYS CORPORATION


Dated:  January 18, 2001       By: /s/ Arnold Agbayani
                                   ------------------------------
                                   Arnold Agbayani
                                   Vice President, Chief Financial Officer and
                                   Director (Principal Financial Officer)

                                       3


                                 EXHIBIT INDEX



     99.1   Press release dated January 18, 2001.