Summary of STANDARD MICROSYSTEMS CORP

Item 2.02 Results of Operations and Financial Condition.

On July 7, 2009 the Registrant issued a press release announcing those matters it intends to discuss at its Analyst Day at the NASDAQ Market Site in New York on July 9, 2009. A live webcast of the audio and slide presentation at Analyst Day will be available on the investor relations portion of the Registrant's website at http://www.smsc.com., and the audio and accompanying presentation will be archived on the Registrant's website after completion of the Analyst Day presentation. A copy of the Registrant's press release is furnished herewith and attached as Exhibit 99.1.

Use of Non-GAAP Financial Information

Included within the presentation at Analyst Day are non-GAAP financial measures that supplement the Registrant's Consolidated Statements of Operations prepared under general accepted accounting principles (GAAP). These non-GAAP financial measures adjust the Registrant's actual results prepared under GAAP to exclude certain charges. The non-GAAP measures have been reconciled to and should be considered together with the Condensed Consolidated Income Statements. These non-GAAP measures are not meant as a substitute for GAAP, but are included solely for informational and comparative purposes. The Registrant'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.