SemiLEDs, a manufacturer of LED chips and components, has announced that in the first quarter of fiscal year 2013, it recorded revenue of $6.2 million, an 8% decrease when compared to the $6.7 million of revenue in first quarter of fiscal 2012.

"As more of our customers have qualified our EV products, the demand of our LED chips and LED components has increased,” said Trung Doan, Chairman and CEO of SemiLEDs. “We are seeing pockets of demand while the overall LED market is still weak; we continue to manage cost, inventory and spending with a focus on profitable LED sectors to achieve our positive cash flow goal."