Anku Jain, Managing Director of MediaTek India, said local production will reduce costs, shorten supply chains, and strengthen resilience. MediaTek works with global smartphone brands including Xiaomi, Samsung, Oppo, and Vivo.

The company follows a fabless model, focusing on chip design and software development while outsourcing manufacturing to TSMC, Intel Foundry Services, and GlobalFoundries. MediaTek’s decision is backed by India’s $10-billion semiconductor incentive package.

MediaTek recently unveiled its flagship Dimensity 9500 chipset with advanced AI, gaming, and energy efficiency features. The company is also collaborating with TSMC to develop a next-generation SoC for production late next year.

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The partnership is expected to generate over 1,800 jobs in India over the next three years. Nothing has already invested more than $200 million in India, reflecting its importance in the company’s growth strategy. The move aims to make India a global hub for smartphone production and exports.

CMF, launched in 2023, has gained popularity in India’s budget smartphone and wearables segment. Its phones are priced under $200, which accounted for over 42% of all sales in Q2 2025, according to IDC. Carl Pei, CEO of Nothing, said the joint venture is a major step toward building CMF into a global smartphone brand.

Optiemus will provide engineering and production expertise to the partnership. Ashok Gupta, Executive Chairman of Optiemus, said the collaboration reflects India’s growing technology ecosystem. He added that the venture will produce export-ready devices designed in India, highlighting local talent and innovation to the world.

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