SemiLEDs Corporation (LEDS), a Chinese developer and maker of LED chips and components, on Friday recorded a sequential decline in its third-quarter earnings.
For the third quarter that ended on May 31, SemiLEDs posted a net income of $223 thousand, or $0.03 per share, compared with $388 thousand, or $0.05 per share, in the second quarter.
Revenue, however, increased to $17.7 million from $10.9 million in the second quarter.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.