Intel

(INTC) - Get Report

was up 1.8% in active early trading as bargain-hunters stepped in following Friday's massive selloff. Other chipmakers were also higher.

Micron Technology

(MU) - Get Report

was up 1.7% and

Rambus

(RMBS) - Get Report

edged up 1.2%.

Advanced Micro Devices

(AMD) - Get Report

lost 0.7%.

Chase H&Q

slashed its price target on the stock Friday to $35 from $75. The

Semiconductor Index

(SOX)

was up 1.8%.