Micro-LEDs show lower efficiencies compared to general LEDs having large areas. Simulations were carried out using ray-tracing software to investigate the change in light extraction efficiency and light distribution according to chip-size of blue flip-chip micro-LEDs (FC μ-LEDs). After fixing the height of the square FC μ-LED chip at 158 μm, the length of one side was varied, with dimensions of 2, 5, 10, 30, 50, 100, 300, and 500 μm. The highest light-extraction efficiency was obtained at 10 μm, beyond which the efficiency decreased as the chip-size increased. The chip size-dependence of the FC μ-LEDs both without the patterned sapphire substrate, as well as vertical FC μ-LEDs, were analyzed.