CMF will become a majority Indian-owned company, Carl Pei says
AI-summarised brief · reviewed before publication
Carl Pei announced that CMF, the lower‑priced brand launched by Nothing in September 2023, will become a separate company, majority‑owned by Indian shareholders and headquartered in India. The spin‑off, formalized in December 2025, will retain Nothing’s operating system, engineering team, and brand operations while shifting core design, manufacturing, and supply‑chain responsibilities to India. Nothing plans to invest over $100 million in a joint venture with Optiemus to produce CMF devices locally, creating roughly 1,800 jobs over three years. The move aims to boost domestic engineering capabilities and support a target of 100 million phones annually.
💡 Why It Matters
- · By localizing engineering and production, CMF could reshape India’s smartphone ecosystem, potentially raising domestic design standards and reducing reliance on foreign components.