Do modern compilers optimize the x * 2 operation to x

Actually VS2008 optimizes this to x+x:

01391000  push        ecx  
    int x = 0;

    scanf("%d", &x);
01391001  lea         eax,[esp] 
01391004  push        eax  
01391005  push        offset string "%d" (13920F4h) 
0139100A  mov         dword ptr [esp+8],0 
01391012  call        dword ptr [__imp__scanf (13920A4h)] 

    int y = x * 2;
01391018  mov         ecx,dword ptr [esp+8] 
0139101C  lea         edx,[ecx+ecx] 

In an x64 build it is even more explicit and uses:

    int y = x * 2;
000000013FB9101E  mov         edx,dword ptr [x] 

    printf("%d", y);
000000013FB91022  lea         rcx,[string "%d" (13FB921B0h)] 
000000013FB91029  add         edx,edx 

This is will the optimization settings on ‘Maximize speed’ (/O2)