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Samsung Might Make Offer for SanDisk

Samsung Might Make Offer for SanDisk

Shares of SanDisk jump more than 20%.

Shares of SanDisk jump more than 20%.

SanDisk

(SNDK)

shares soared early Friday on word that

Samsung

was mulling a bid for the computer-memory seller.

A deal could mean that Samsung would shell out more than $3 billion for the flash-memory maker. Shares of SanDisk surged $3.49, or 26%, to $16.95.

"SanDisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities," the company said in a statement. "We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation."

Among other chipmakers,

Intel

(INTC) - Get Free Report

was down 1.1%,

Texas Instruments

(TXN) - Get Free Report

fell 3%, and

STMicroelectronics

(STM) - Get Free Report

lost 4%. Memory seller

Micron

(MU) - Get Free Report

was down 1.2%.