Nothing spins off CMF as Indian-owned electronics brand
Nothing is splitting off its budget sub-brand CMF into a separate Indian company, aiming to make it majority Indian-owned and run from India. The goal, according to CEO Carl Pei, is to turn local manufacturing into deeper product development—moving beyond assembly to building engineering and supply chain know-how within the country. Nothing will keep a stake, but the new CMF will operate independently, with expanded research and design based in India.
- CMF will be a separate, India-headquartered company
- Stake held by Nothing, but majority Indian-owned
- Aims for 100 million units per year, long-term
- Focus: local R&D, design, and engineering, not just assembly
- Exact ownership and timeline not disclosed
Sources covering this
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