ASM International's revenue will keep growing in the coming years as chip makers spend more on semiconductor-making tools, UBS analysts write in a note to clients. The Dutch group supplies wafer-processing equipment, mainly for the deposition of thin films, and semiconductor companies are raising capital expenditures to satisfy growing demand for memory chips. ASM International's revenue is expected to grow 21% this year, 30% next year and a further 30% in 2028, the analysts estimate. They raise their price target on the stock to 1,150 euros from 1,000 euros and retain a buy rating. ASM International shares trade 2.3% higher at 1,023.00 euros. (mauro.orru@wsj.com)