New Delhi, Sept. 22 -- Nothing has expanded its strategic partnership with the Optiemus Group, a move that could transform CMF from a Nothing sub-brand into an independent smartphone company with majority Indian ownership.

Optiemus Infracom will acquire a 51.1% stake in the proposed joint venture with Nothing Electronics, giving the Indian company majority ownership of the CMF business in the new structure.

Nothing unveiled the news on Tuesday, just one day after founder and CEO Carl Pei announced plans to split off CMF into a separate company.

The expanded cooperation will bring together manufacturing, ownership, and research and development (R&D) of CMF smartphones in just one location in India. The announcement follows India's move ...