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) July 17, 2003


                                    IMP INC.
             (Exact name of registrant as specified in its charter)



        Delaware                        0-15858                 94-2722142
---------------------------           -----------          ---------------------
State or other jurisdiction           Commission               IRS Employer
Of incorporation                      File Number          Identification Number



2830 North First Street, San Jose, CA                              95134
--------------------------------------------------------------------------------
(Address of principal executive offices)                        (Zip Code)


Registrant's telephone number including area code:   (408) 432-9100
                                                     --------------



ITEM 5. OTHER EVENTS

On July 17, 2003,  IMP, Inc.  (NasdaqSC:  IMPX) (the  "Company") was notified by
Nasdaq Stock  Market that it is no longer in  compliance  with  certain  listing
requirements  and that its stock would be delisted at the opening of business on
July 28, 2003 unless the Company  requests a hearing  before the Nasdaq  Listing
Qualifications  Panel.  The Company has  requested a hearing to appeal  Nasdaq's
decisions.  The decision by Nasdaq to delist the Company's stock is described in
more  detail  in the press  release,  a copy of which is filed as  Exhibit  99.1
hereto and which information is incorporated herein by reference.

ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

    (a)     Financial Statements of Business Acquired: Not Applicable

    (b)     Pro Forma Financial Information: Not Applicable

    (c)     EXHIBITS:  The following Exhibit is attached hereto and incorporated
    herein by reference:


Exhibit Number         Description of Exhibit
--------------------------------------------------------------------------------
     99.1              Press Release dated July 23, 2003.


                                   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.

Date:    July 23, 2003

                                    IMP, INC.



                                     By  /s/ Subbarao Pinamaneni
                                         -----------------------
                                         Subbarao Pinamaneni, CEO