Archive · 21 Sep 2026
Nothing to Spin Off CMF as Standalone Indian Company
Nothing’s CEO, Carl Pei, says CMF will become its own company in India.
Most of the new company will be owned by Indian shareholders.
CMF 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 already makes phones, headphones, earbuds, and watches.
The company wants to create more products and sell them around the world.
Pei believes India has many factories, smartphone buyers, and skilled software workers.
He hopes CMF will eventually sell 100 million phones each year.
The plan follows earlier investment and manufacturing plans involving Nothing and Optiemus Infracom.
Nothing CEO Carl Pei said CMF will become a standalone Indian company with majority Indian ownership.
The new entity will be headquartered in India and operate with its own local team and research and development operations.
Nothing will retain a stake and support CMF with technology, engineering, suppliers, and global infrastructure.
CMF plans to expand beyond smartphones into audio devices, wearables, and other consumer technology products.
Pei set a long-term target of selling 100 million CMF phones annually from India.
- Who
- Carl Pei, Nothing, CMF, Indian shareholders, and Optiemus Infracom are involved in the planned structure.
- What
- Nothing plans to spin off CMF as a standalone, majority Indian-owned consumer technology company.
- When
- Carl Pei announced the plan on Monday, September 21, following related India plans announced in September 2025.
- Where
- The new company will be incorporated and headquartered in India, with local teams and research and development operations.
- Why
- Nothing and CMF aim to build a global consumer technology brand from India and expand CMF’s product range.
- Ownership
- CMF is planned to be majority-owned by Indian shareholders.
- Nothing’s role
- Nothing will remain a shareholder and partner, providing technology, engineering, supplier relationships, and global infrastructure.
- Local operations
- CMF will have its headquarters, team, and research and development operations in India.
- Current products
- CMF offers smartphones, audio devices, and wearables, including phones, headphones, earbuds, and watches.
- Earlier investment plan
- Nothing and Optiemus Infracom announced plans to invest more than $100 million over three years in an India venture.
- Expected employment
- The earlier venture was expected to create more than 1,800 jobs in India by 2028.
- Long-term target
- CMF aims to sell 100 million phones per year.
