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Equity Method Investments

12 Months Ended

Dec. 31, 2022

Note 13. Equity Method Investments

Associates consisted of the following:


			December 31, 2021			December 31, 2022
		Place of
		Incorporation
Name of	Principal	and	Carrying		Holding	Carrying		Holding
Associate	Activities	Operation	amount		%	amount		%
			(in thousands)				(in thousands)
Ganzin Technology Corp.	Eye tracking chip and module	Taipei, Taiwan	$	-	42.01	$	-	35.72
Iris Optronics Co., Ltd.	E-paper manufacturing and sales	Tainan, Taiwan		174	6.25		315	4.93
Viewsil Microelectronics (Kunshan) Limited	IC design and sales	Kunshan, China		2,671	49.00		2,635	49.00
Guangzhou Pixtalks Information Technology Co., Ltd.	3D structured light module	Guangzhou, China		457	22.50		285	29.50
Prilit Optronics, Inc.	LCD panel components manufacturing	Tainan, Taiwan		-	-		3,298	15.00
			$	3,302		$	6,533

Prilit Optronics, Inc. was purchased with original investment amount of $3,264 thousand in October 2022.

There is no individually significant associate for the Company. The following table summarized the amount recognized by the Company at its share of those associates:


	For the year ended December 31,
	2020		2021	2022

	(in thousands)

The Company’s share of losses of associates	$	(638)	(1,392)	(743)
The Company’s share of other comprehensive income of associates	$	58	55	(86)
The Company’s share of total comprehensive income of associates	$	(580)	(1,337)	(829)

The Company has not recognized losses of nil, $24 thousand and $302 thousand in relation to its interest in Ganzin Technology Corp. for the year ended December 31, 2020, 2021 and 2022, respectively, because the Company has no obligation in respect of the losses. As of December 31, 2022, the cumulative unrecognized losses in relation to the Company’s interest in Ganzin Technology Corp. was $326 thousand.

As of December 31, 2021 and 2022, none of the Company’s equity method investments was pledged as collateral.