Micron, SK Hynix and SanDisk shares traded higher on Friday as a rebound in the broader semiconductor sector lifted investor sentiment following a technology-led selloff in the previous session. Micron MU gained more than 3%, while SK Hynix rose over 4% and SanDisk advanced 1.4%.

South Korea's stock market has lost more than a fifth of its value in a month.

SK Hynix (NASDAQ:SKHY) shares climbed about 4% to $136.58 in morning trading, outpacing gains in other memory names after the company halted plans for a U.S. IPO of its Solidigm flash-memory unit.

The memory-chip giant sent out another warning signal for the AI trade overnight.

SK Hynix is the HBM leader and the memory maker that gets the largest percentage of its revenue from advanced memory. Micron has been seeing stronger growth, as conventional memory prices have risen more quickly.

SK Hynix shares rose 4.4% on Friday after the South Korean chipmaker abandoned plans to pursue a potential US initial public offering of its subsidiary Solidigm. The stock had fallen as much as 3% earlier in the session before reversing course, defying broader market weakness.

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The world's second-largest memory chip maker shelved plans for a potential U.S. listing of its memory-chip unit Solidigm in light of market conditions and share price trends.