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4w ago

Nothing Spins Off CMF as India-Based Subsidiary, Strikes $100 Million Manufacturing JV With Optiemus

The restructuring centers budget-phone development in the $100–$200 stronghold, with a joint venture pledging over 1,800 jobs within three years.

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Comparing the backs and camera lenses of the orange CMF Phone 1 to the teal CMF Phone 2 Pro

Overview

  • Nothing confirmed CMF will operate independently with India as its global base for R&D, operations and manufacturing.
  • Nothing and Optiemus Infracom will invest more than $100 million through a new joint venture that targets over 1,800 jobs and an India-led export hub.
  • Optiemus’ regulatory filing states CMF will run end-to-end smartphone operations from India, including research, design and production.
  • IDC data shows the $100–$200 tier made up over 42% of Q2 2025 shipments in India, aligning with CMF’s sub-$200 focus and Nothing’s rapid growth to roughly 2% market share.
  • Nothing says it has already invested over $200 million in India and recently raised $200 million at a $1.3 billion valuation, while JV ownership details and facility locations remain undisclosed.