UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

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Rule 13d-1(b)

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Rule 13d-1(c)

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Rule 13d-1(d)

CUSIP No. 609842 10 9

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Wing-Yu Leung

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

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(b)

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3.

SEC Use Only

4.

Citizenship or Place of Organization
United States of America

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
1,135,930

6.

Shared Voting Power 
17,900

7.

Sole Dispositive Power 
1,135,930

8.

Shared Dispositive Power
17,900

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,153,830

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
Not applicable

11.

Percent of Class Represented by Amount in Row (9)
3.71%

12.

Type of Reporting Person (See Instructions)
IN

Item 1.

(a)

Name of Issuer
Monolithic System Technology, Inc. (the “Company”).

(b)

Address of Issuer’s Principal Executive Offices
755 North Mathilda Avenue, Suite 100, Sunnyvale, California 94085.

Item 2.

(a)

Name of Person Filing
Wing-Yu Leung.

(b)

Address of Principal Business Office or, if none, Residence
755 North Mathilda Avenue, Suite 100, Sunnyvale, California 94085.

(c)

Citizenship
United States of America.

(d)

Title of Class of Securities
Common Stock.

(e)

CUSIP Number
609842 10 9.

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

(e)

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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)

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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)

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A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

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Group, in accordance with §240.13d-1(b)(1)(ii)(J).

This statement is being filed pursuant to Rule 13d-1(d).

Item 4.

Ownership

According to the Company’s Quarterly Report on Form 10-Q filed on November 8, 2005, there are  30,627,998 shares of Common Stock issued and outstanding as of  November 3, 2005.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)

Amount beneficially owned:   

1,153,830

(b)

Percent of class:   

3.71%

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote   

1,135,930

(ii)

Shared power to vote or to direct the vote    

17,900

(iii)

Sole power to dispose or to direct the disposition of   

1,135,930

(iv)

Shared power to dispose or to direct the disposition of   

17,900

Wing-Yu Leung has sole voting and dispositive authority over 815,680 shares which he personally owns (in addition, he may purchase up to 320,250 shares pursuant to options exercisable within 60 days). Mr. Leung’s wife, Louise Shun-Yan Leung, owns directly 17,900 shares as to which he disclaims beneficial ownership

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   ý.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not applicable.

Item 8.

Identification and Classification of Members of the Group

Not applicable.

Item 9.

Notice of Dissolution of Group

Not applicable.

Item 10.

Certification

Not applicable.

February 14, 2006

Date

/s/ Wing-Yu Leung

Signature

Wing-Yu Leung

Name/Title