https://arstechnica.com/gadgets/2022/06/smartphone-investors-bet-200-million-on-making-something-out-of-nothing/ > A consumer-electronics startup called Nothing has secured financing of more than $200 million to launch its debut smartphone, in the first attempt for several years by a newcomer to crack a market dominated by Apple and Samsung. > Nothing will unveil the design of its first smartphone, called Phone (1) on Wednesday, before it goes on general sale this summer. The device has a transparent back, revealing electronics components such as a wireless charging coil that are normally hidden, and runs on the Android operating system.