Lower inflation forecast
Inflation is expected to have been driven down slightly last month by lower domestic food prices and global oil prices, according to Australia and New Zealand Banking Group Ltd (ANZ). “We expect Taiwan’s consumer price index to ease marginally to 1.24 percent year-on-year in April from 1.39 percent in March,” ANZ said in a recent research note. The official statistics are due to be released on Monday. However, the risk of inflation picking up will gradually increase toward the second half of the year as the output gap closes, ANZ said.
Nova expects sales to jump
Nova Measuring Instruments Ltd, the Israeli maker of process control systems, expects sales to jump in the second half as Asian chipmakers increase spending to meet demand for smartphones in the region, the firm’s chief executive officer said. Orders for Nova’s products for smartphone chips measuring 20 nanometers or less from Apple Inc supplier Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) will rise this year, Nova chief executive Gabi Seligsohn said in a telephone interview on Thursday from Tel Aviv. “What has a direct influence on us is that some time during the second half of this year, TSMC will start to place more massive orders for 20-nanometers, while most of the orders will take place in 2014,” Seligsohn said.