BUZZ-Siemens rises after US chip software curbs on China lifted

** Shares in Siemens SIEGn.DE rise 1.5% after the German engineering company received a notice from the U.S. government that export restrictions on chip design software for China have been lifted

** Siemens has restored complete access to its software and technology for customers in China, according to a report published on Wednesday

** Citigroup estimates that Siemens generates 200-300 million euros ($236-354 million) of annual EDA China sales

** "While we had previously estimated that a cessation of this revenue could be absorbed within Siemens' guidance for its Digital Industries division (DI), the resumption of selling should be seen as a clear positive, de-risking the possibility that Siemens would need to amend FY guidance due to the now-reversed China EDA ban," Citi says

** Citi had previously lowered its underlying DI revenue and profit estimates, but says it now expects consensus expectations to largely reverse this impact

** "We believe ex-China fundamentals are also improving, which market has yet to reflect in current prices," Baird Equity says

** "Lifted curbs a positive for semi companies as Infineon IFXGn.DE, Jenoptik JENGn.DE," a local trader adds

** Infineon's shares are up 2.4%

($1 = 0.8474 euros)

(Reporting by Ozan Ergenay)

((ozan.ergenay@thomsonreuters.com))