Overview

• Nothing confirmed CMF will operate independently with global headquarters in India overseeing end-to-end operations and smartphone R&D.
• Nothing and Optiemus signed a binding term sheet for a manufacturing joint venture committing over $100 million and creating more than 1,800 jobs within three years.
• Optiemus said in a regulatory filing that CMF will manage smartphone design and manufacturing from India to serve local demand and exports.
• The company did not disclose the JV’s ownership structure, factory locations or production capacity, nor how much of its recent funding will finance the venture.
• CMF targets sub-$200 devices in a segment that accounted for over 42% of India’s Q2 2025 shipments, as Nothing—fresh off a $200 million raise at a $1.3 billion valuation—expands its India-first strategy.