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Long-Term Investments
12 Months Ended
Dec. 31, 2020
Investments Debt And Equity Securities [Abstract]  
Long-Term Investments

 

12.

LONG-TERM INVESTMENTS

 

 

 

December 31,

2020

 

 

December 31,

2019

 

Long-term investments

 

 

10

 

 

 

11

 

Total

 

 

10

 

 

 

11

 

 

Long-term investments are equity securities with no readily determinable fair value for which the Company has elected to apply the cost alternative measurement. It includes principally the Company’s investment in DNP Photomask Europe S.p.A (“DNP”).  The Company has identified DNP as a VIE, but has determined that it is not the primary beneficiary.  The significant activities of DNP revolve around the creation of masks and development of high level mask technology.  The Company does not have the power to direct such activities.  The Company’s current maximum exposure to losses as a result of its involvement with DNP is limited to its investment.  The Company has not provided additional financial support in 2020 and 2019 and currently has no requirement or intent to provide further financial support to DNP.