ASML Holding Targets Annual Sales of EUR13 Billion in 2020
November 08 2018 - 03:21AM
Dow Jones News
By Adria Calatayud
ASML Holding NV (ASML.AE) said Thursday that it expects to grow
annual sales to around 13 billion euros ($14.90 billion) by 2020,
boosted by a healthy semiconductor end-market.
The Dutch maker of semiconductor equipment said its previous
guidance for 2020 net sales was EUR11 billion, which was raised
from EUR10 billion after its acquisition of HMI.
For 2025, the company expects to generate annual revenue of
between EUR15 billion and EUR24 billion, ASML said.
ASML's Chief Executive Peter Wennink is expected to unveil those
growth goals at the company's investor day to be held later on
Thursday.
The company said major innovations such as 5G connectivity,
artificial intelligence, autonomous driving, and big data will
drive semiconductor demand and that it sees strong growth
opportunities in semiconductor lithography lasting beyond the next
decade.
ASML said it anticipates customers will increasingly adopt its
extreme ultraviolet lithography, its more advanced technology,
while deep ultraviolet lithography will remain important over the
next five-to-seven years.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
November 08, 2018 03:06 ET (08:06 GMT)
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