Chipmaker LSI reports 9 percent fall in revenue

April 24 Wed Apr 24, 2013 4:10pm EDT

April 24 (Reuters) - Chipmaker LSI Corp reported a 9 percent fall in first-quarter revenue as demand for its storage chips fell.

Revenue fell to $569 million, while net income slid to $18 million, or 3 cents per share, from $75 million, or 13 cents per share, a year earlier.

LSI's chips are used in storage devices such as hard disks and flash drives.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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