Nothing is spinning off its budget brand CMF into an independent subsidiary, according to a report by TechCrunch. India will serve as the newly-formed company’s headquarters for manufacturing and R&D, thanks to a partnership with one of the country’s telecom operators. Nothing says this venture will create over 1,800 jobs in the country.
India is actually a good choice for the HQ. The country is Nothing’s strongest market overall, with over a 2 percent market share in smartphones. It’s the fastest-growing brand in
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