CMF by Nothing Halts Next-Gen Smartphone Launch Blaming 50% Spike in Memory Chip Costs.
Nothing Sub-Brand 'CMF' Freezes Next-Gen Smartphone Launch Amid Exploding Memory Chip Costs Driven by AI Boom Akis Evangelidis , Co-Founder of Nothing and the executive spearheading its budget-focused sub-brand CMF by Nothing , has delivered a remarkably candid reality check regarding the future of the CMF Phone lineup. Responding to mounting customer inquiries regarding the arrival of a next-generation handset, Evangelidis confirmed that while a new model remains in active development, CMF has officially canceled all plans to launch a new smartphone this year due to a prohibitive surge in global memory chip pricing. The sub-brand's decision highlights a painful macroeconomic bottleneck: the global Generative AI boom has triggered an insatiable enterprise demand for high-margin server chips. To capture these massive profits, global semiconductor fabrication foundries have drastically reallocated their production capacities away from budget consumer electronics, triggerin...