European chip stocks regain some ground after last week's 'April flashback'

** Shares in European chip stocks pare losses after getting hammered last week on fears of a new trade war flaring up between U.S. and China

** STOXX Europe Technology index .SX8P is up 1.4% after falling 3% on Friday, bring weekly losses to 4%

** "From my understanding, overnight China clarified that its rare earth export controls are not a full ban and that compliant applications will still be approved, easing the panic that triggered last week's sell-off," Abed Jarad from mwb-research says

** Jarad also points to U.S. President Donald Trump's conciliatory comments on social media over the weekend, which helped to calm the sentiment

** "It is essentially an 'April flashback' with traders unwinding the tariff-war scare and rotating back into risk-on mode," he says adding that investors increasingly see tariff threats as a bargaining chip

** Siltronic WAFGn.DE, Infineon IFXGn.DE, Aixtron AIXGn.DE and ams OSRAM AMS.S rise between around 2% and 5%

** BESI BESI.AS, ASMI ASMI.AS, ASML ASML.AS and STMicroelectronics STMPA.PA are up between 2% and 3.4%

** Soitec SOIT.PA and X-FAB XFAB.PA rise 2.6% and 4.4%, respectively