ASM Pacific Technology managing director Patrick Lam See-pong said the company had outperformed four of its key competitors in Japan and Europe despite suffering a profit slump last year.
Mr Lam said the semiconductor assembly equipment maker had recorded a 3.5 per cent decline in equipment sales, against an average of about 30 per cent for its competitors.
He attributed ASM's relative resilience to its diversified product mix.
ASM reported a 44 per cent drop in net profit to $113 million last year, reflecting Asia's economic woes and global excess capacity in semiconductor manufacturing.
Turnover fell 9.5 per cent to $1.33 billion while earnings per share were 30.2 cents, about 20 per cent below analysts' estimates.
Frederick Tsang Sui-cheong, research head of DBS Securities, said ASM had been forced to lower margins and prices to compete with rivals in countries whose currencies had been devalued as its production base was mainly in Hong Kong.
More than 90 per cent of the company's turnover comes from Asia.