His visit comes close on the heels of the Nothing Phone(2) launch that is expected to happen on July 11 in India and other global markets. The company had announced that the smartphone will be manufactured in India.
Pei said he was optimistic that India’s electronics exports will grow rapidly as there’s a huge domestic market to support volumes, and he claimed that the costs today are competitive.
“As the supply chain matures, the costs will further improve,” he said in his tweet. “I think India has a 5 year window to capture this opportunity, before automation becomes mainstream.”
He also spoke in detail about the challenges that come with making “transparent tech”.
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Less than a week ago, the London-based Nothing secured $96 million in a new round of funding to fuel its expansion into the US and for the launch of its second smartphone.
The company raised that amount in an investment round led by European venture capital firm Highland Europe, with participation from existing investors GV, EQT Ventures, and C Capital, as well as house music supergroup Swedish House Mafia.
