Nothing’s CEO and founder Carl Pei says the company’s CMF brand will soon spin off as a standalone firm based in India. Pei announces that CMF will become independent, while Nothing will continue as a stakeholder after the restructuring.

The outlets describe that CMF is already headquartered in India and became an independent entity earlier this year, with registration and headquarters in India reported for January. TechGenyz adds details on the ownership plan, saying CMF is expected to be mostly owned by people in India, supported by a local team and research and development work conducted in India.

Across the reports, the core points align on the spin-off and CMF’s Indian base. The differing emphasis is that NDTV focuses more on the restructuring and Nothing’s continued stake, while TechGenyz highlights intended Indian majority ownership and the company’s India-led operational footprint.