This chapter focuses on introducing basic concepts in solar cell and light-emitting diode (LED) devices. First, the fundamental knowledge about semiconductors and several important materials related to solar cells and LEDs is introduced to help the reader understand the working principle of devices. Second, we describe the working principle and basic terms involving solar cells, the energy loss processes, and several strategies for high-efficiency solar cell devices. Finally, we present the basic terms and the device structure of LEDs, as well as some approaches for high-efficiency white LEDs.