Item 2.02 Results of Operations and Financial Conditions.

On March 2, 2009, TranSwitch Corporation (the "Company") issued a press release reporting that it has reached an agreement to reduce its leased office space by 24,000 square feet by amending its lease covering the company's principal executive offices at 3 Enterprise Drive, Shelton, Connecticut. The lease amendment will result in a reduction of the Company's lease obligation, through November 2012, by approximately $1.5 million. Further, the Company corrected its accounting for the related restructuring provision previously reported in connection with the announcement of its financial results for the fourth quarter ended December 31, 2008. As a result, the originally reported net loss of $5.7 million or $0.04 per share for the quarter will be reduced to $4.3 million or $0.03 per share. The net loss for the year ended December 31, 2008 will also be reduced to $17.0 million or $0.12 per share. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained herein, including Exhibit 99.1 attached hereto, is intended to be furnished and shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") 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, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

The Exhibits included as part of this Current Report are listed in the attached Exhibit Index. The Exhibit Index, together with the Exhibits listed therein, is incorporated herein by this reference.

(d) Exhibits.

Exhibit No. Description
99.1 Press Release, dated March 2, 2009.

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