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): January 26, 2004

                       Alliance Semiconductor Corporation

             (Exact name of registrant as specified in its charter)

                                    DELAWARE
                          (State or other jurisdiction
                                of incorporation)


             0-22594                                          77-0057842
     Commission File Number                                (I.R.S. Employer
                                                        Identification Number)






                              2575 Augustine Drive
                          Santa Clara, California 95054

            ---------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (408) 855-4900
              (Registrant's telephone number, including area code):



ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

     (C)  Exhibit 99.1. Press release issued by Alliance Semiconductor
          Corporation on January 26, 2004.

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITON

This information 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 (the "Securities Act"), or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing.

     (a)  On January 26, 2004, Alliance Semiconductor issued a press release
          announcing results for the fiscal quarter ended December 31, 2003. A
          copy of this press release is furnished as Exhibit 99.1 to this report
          and is incorporated into this form 8-K by reference.

                                   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.







                         Alliance Semiconductor Corporation


                         By:         /s/ Ronald K. Shelton
                                     ------------------------------------------
                                     Name:  Ronald K. Shelton
                                     Title:    Chief Financial Officer and Vice
                                     President Finance and Administration
                                     January 26, 2004