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Exhibit 21
SUBSIDIARIES OF PHOTRONICS, INC.
| State or Jurisdiction | |
| of Incorporation or Organization | |
| Align-Rite International, Ltd. | (United Kingdom) |
| Photronics (Wales) Limited | (United Kingdom) |
| Photronics, B.V. | (Netherlands) |
| Photronics California, Inc. | (California, USA) |
| Photronics Idaho, Inc. | (Idaho, USA) |
| Photronics Texas Allen, Inc. | (Texas, USA) |
| Photronics MZD, GmbH | (Germany) |
| Photronics Advanced Mask Corporation | (Taiwan, R.O.C.) |
| Photronics DNP Mask Corporation (1) | (Taiwan, R.O.C.) |
| Photronics Switzerland, S.a.r.L | (Switzerland) |
| Photronics Singapore Pte, Ltd. | (Singapore) |
| Photronics UK, Ltd. | (United Kingdom) |
| PK, Ltd. (2) | (Korea) |
| PKLT | (Taiwan, R.O.C.) |
| Trianja Technologies, Inc. | (Texas, USA) |
Note: Entities directly owned by subsidiaries of Photronics, Inc. are indented and listed below their immediate parent. Ownership is 100% unless otherwise indicated.
| (1) | 50.01% owned by Photronics, Inc. and 49.99% owned by DNPJ |
| (2) | 90.14% owned by Photronics, Inc., and 9.63% owned by Photronics Singapore Pte Ltd. |