ASML looking to finally get ahead of Moore’s law

After walking an audience of battle-hardened analysts through an even rosier growth projection than last year’s, ASML CEO Peter Wennink used his closing remarks to try and take away any lingering incredulity among his listeners. “I remember when this company had three billion in sales and we said that we could grow to five, we were laughed at. When we were at five, we thought that we could grow to ten billion. And we were laughed at,” he said at ASML’s Investor Day on 11 November. This little ritual was repeated a couple of times more, all the way to an expected 21 billion euros in sales this year.

So, Wennink suggested, perhaps this time investors could be a little more open-minded when ASML says it could double or even triple revenue by 2030. “Every time it turns out that the industry grows faster than we think.”