CMF Will Be a Standalone Indian Company, Says Carl Pei
Nothing will keep a stake as CMF targets 100 million devices a year and expands in-house design, engineering and software.
- Nothing CEO Carl Pei announced plans on Monday to establish CMF as an independent, majority Indian-owned company headquartered in India with its own research and development operations.
- While 99% of phones sold in India are now locally manufactured, domestic brands once dominated the market but lost ground to foreign competitors lacking "real R&D" and engineering depth.
- CMF will leverage Nothing's existing operating system, industrial design capabilities, and supplier relationships to build its own ecosystem. Nothing will remain a shareholder and partner providing the foundation for independent growth.
- Targeting 100 million devices annually, the spin-out aims to influence the wider supply chain rather than participate in it. Pei said the objective is to build a globally competitive electronics company using India's talent and manufacturing ecosystem.
- Pei, who previously worked with Chinese smartphone companies, argues that India's next phase must prioritize intellectual property and engineering to differentiate products beyond price. He believes this shift is essential to produce global consumer electronics companies.
15 Articles
15 Articles
Carl Pei’s Nothing to Spin Off Budget Brand Into Standalone India Unit
Swedish entrepreneur Carl Pei plans to carve out Nothing Technologies Ltd.’s budget smartphone and electronics unit into a majority Indian-owned company, betting that the South Asian nation is poised to become the next global consumer technology hub.
Nothing to make CMF an India company, targets 100 million phones with $100 million investment
Nothing will spin off CMF into a majority Indian-owned company with local R&D and its own team. Carl Pei said the move is meant to help build a global consumer electronics brand from India.
From ‘Make in India’ to ‘Engineer in India’: Nothing CEO Carl Pei makes his case
Nothing CEO Carl Pei says India can become a global electronics hub, but needs to shift from ‘Make in India’ to ‘Engineer in India’. He announced that CMF will become a standalone, majority-Indian-owned company, aiming to produce 100 million phones a year, built on real R&D, not just assembly.
CMF will be a standalone Indian company, says Carl Pei
Nothing will turn CMF into a standalone Indian company with majority stake owned by Indians, based locally, with its own team and R&D in the country, said Carl Pei, CEO of Nothing. In an open letter, he pointed that while India being the second largest smartphone manufacturer yet it doesn’t have a global consumer electronics brand of its own.
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