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Micron leads chips higher as selling eases in holiday-shortened week

News Snapshot:

Micron Technology (NASDAQ:MU) shares led the semiconductor industry higher on Thursday to end a holiday-shortened trading week after a few days of selling hit the industry. Micron (MU) gained more than 3.5% at mid-day, rebounding from losses seen earlier in the week, as investors continued to assess the impact of China's cybersecurity review on the company. On Tuesday, Citi analyst Christopher Danely said it's unlikely to actually have any impact on the memory chip maker. Danely pointed out that while China represents 15% of the company's sales, the company's fundamentals are largely driven by the dynamic random access memory cycle….

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