17 November 2022
ASML may make acquisitions to support its capacity expansions, which according to recently updated projections could triple revenue by 2030. That kind of growth necessitates a bigger supplier base, CEO Peter Wennink said according to Bloomberg. “We’ll acquire what we think is needed to support the roadmap,” he said Tuesday at a news conference in South Korea. Wennink is visiting Korea to, among other things, attend a groundbreaking ceremony for the construction of ASML’s new support and training facilities in the Asian country.