Nuheara Limited (ASX: NUH) announced a strategic partnership and cornerstone investment from Taiwan based Realtek Semiconductor Corporation.
Via signed Memorandum of Understanding, Nuheara and Realtek will collaborate to develop chipset and technology solutions to globally enter several hearing related markets. These include the global True Wireless Stereo with Personal Sound Amplification Product chipset market along with the regulated Over The Counter Hearing Aid market.
The Partnership will initially help the Company to deliver its next generation of hearing aid products by integrating Realtek’s advanced chipset. With this experience, the Partnership will expand to co-developing TWS PSAP chipset as well as technology solutions for the broader consumer electronics market. Components of Nuheara’s Intellectual Property comprising smart hearing processing and self-fit technology would be embedded on Realtek ICs. For this NUH will get royalty fee for each IC sold. Further, NUH will full earbud design and manufactured solutions to Realtek customers for an agreed service fee per implementation.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
