Nothing To Spin Off CMF As A Standalone Indian Business

In a bid to capitalise on the manufacturing boom in India, smartphone manufacturer Nothing is spinning off its sub-brand CMF to operate as an independent Indian company. Disclosing the news via a social media post, cofounder and CEO Carl Pei said that CMF will now operate as a standalone Indian company, majority Indian owned and headquartered in the country. Nothing will keep a stake in CMF and stay as its partner.