ACL Semiconductors Inc. announced the establishment of a joint venture between ACL International Holdings Limited and Tomen Devices Corp. The joint venture agreement, signed on March 9, 2012 and effective on April 1, 2012, will form ATMD (Hong Kong) Ltd, the distributor of Samsung semiconductor products in the Greater China region. ACL International is expected to own 30% of ATMD, whereas Tomen will own 70% of ATMD. This joint venture solidifies ACL's position as a leading total memory solution provider and marks a key strategic milestone for the company as it broadens its product range to become a one-stop distributor of electronic components. ATMD's full range of industry-leading Samsung semiconductor products will be complemented by best in class components from SAMCO (including wifi and camera modules) and SMD (smartphone panels).