2 hrs ago
Carl Pei Announces CMF Spin-Off as Indian Technology Company
Carl Pei said CMF will become its own company in India.
CMF is a technology brand that currently makes phones, headphones, watches, and earbuds.
Most of the new company will be owned by Indian shareholders.
It will have its headquarters, workers, and research teams in India.
Nothing will still own part of CMF and help it with technology and suppliers.
CMF wants to create more products instead of only selling phones.
The company hopes to become a major technology business that starts in India and sells around the world.
Its long-term goal is to sell 100 million phones every year.
The announcement follows plans for an India-based CMF venture involving Nothing and Optiemus.
Carl Pei announced that CMF will become a standalone Indian company.
The new entity will be majority Indian-owned and headquartered in India.
Nothing will retain a stake and provide technology, engineering, suppliers, and global infrastructure.
CMF plans to develop smartphones, audio devices, wearables, and other consumer technology.
Pei set a long-term goal of selling 100 million CMF phones annually.
- Who
- Carl Pei, Nothing, CMF, and Optiemus are involved in the announcement and planned business structure.
- What
- CMF will be spun out of Nothing and become a standalone, majority Indian-owned company.
- Where
- The new company will be incorporated and headquartered in India, with local teams and research and development operations.
- When
- Carl Pei announced the plan on Monday, September 21; related Nothing-Optiemus plans were announced in September 2025.
- Why
- Nothing and CMF aim to build a global consumer technology company from India, with expanded products and a long-term target of 100 million phones sold annually.
Key facts
- New structure
- CMF is planned as a standalone Indian company controlled by Indian shareholders.
- Nothing's role
- Nothing will remain a shareholder and partner.
- Local operations
- CMF will have its headquarters, team, and research and development operations in India.
- Existing products
- CMF currently offers smartphones, audio devices, and wearables.
- September 2025 venture
- Nothing and Optiemus announced an investment of more than $100 million over three years.
- Expected employment
- The September 2025 venture was expected to generate more than 1,800 jobs in India.
- Long-term target
- CMF aims to sell 100 million phones per year.
Quotes
Carl Pei
CEO of Nothing and author of the open letter announcing CMF’s proposed Indian spin-off
“Nothing stays as a shareholder and partner. CMF becomes Indian.”
livemint.com
Sources
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