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Smartphone maker Nothing to spin off its affordable CMF brand
Nothing is making its affordable devices brand CMF into a separate entity with headquarters in India.
Hardware startup Nothing said Thursday that it plans to make its affordable device brand, CMF, into an independent subsidiary with India serving as its headquarters for manufacturing and R&D. While the startup didn’t reveal the ownership structure of this venture, it said that it aims to invest more than $100 million over the next three years, while creating over 1,800 jobs. Our joint venture with Optiemus is a key milestone toward making that vision a reality,” Nothing’s CEO Carl Pei said in a statement.
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