Nothing to spin off CMF into majority Indian-owned standalone business

Nothing plans to establish affordable-tech brand CMF as an India-headquartered standalone company, supported by its product capabilities and a joint venture with Optiemus Infracom. The business will build local R&D, manufacturing and supply-chain capacity.

— Source publishedMon, 21 Sept, 2026, 20:11 IST·First seen Mon, 21 Sept, 2026, 20:58 IST·Source Inc42

What happened

Nothing will spin off affordable electronics sub-brand CMF into a majority Indian-owned, India-headquartered standalone company. Backed by Nothing’s product

Key facts

  • India absorbs over 150 million smartphones annually
  • CMF ambition: 100 million phones annually
  • CMF India entity incorporated in December 2025
  • Nothing-Optiemus JV investment: over $100 million over three years
  • 99% of smartphones sold in India are manufactured locally

Why this matters

CMF’s India-headquartered spin-off and Optiemus joint venture should deepen local R&D, manufacturing and supply-chain control for affordable consumer electronics.

What to watch

  • Announcement of equity ownership, investment amount and production-capacity targets for the Optiemus partnership.
  • New CMF smartphone launches and whether India is positioned as a first-launch or export manufacturing market.
  • Domestic value-add percentage, local component-sourcing agreements and eligibility for government incentive programs.
  • India shipment share, offline-store expansion and service-network growth versus Xiaomi, Realme, boAt, Noise and Samsung.
  • Evidence of product or pricing separation between Nothing and CMF brands.

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