Nothing is spinning off CMF as a majority Indian-owned company
Inc42 reports, citing Nothing’s CEO, that CMF will be headquartered in India. Nothing will retain a stake and remain a partner, with a long-term ambition to scale CMF to 100 million phones a year.
TLDR
Inc42 reports, citing Nothing’s cofounder and CEO, that its more affordable electronics sub-brand CMF will become an independent, majority Indian-owned business headquartered in India. Nothing will retain a stake and continue as a partner. CMF will bring Nothing’s product development, software, industrial design and supplier relationships into India. The long-term ambition is to scale CMF to 100 million phones a year while building stronger R&D, engineering and manufacturing capabilities in India.
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