Nuheara Limited announced a strategic partnership and cornerstone investment from Taiwan based Realtek Semiconductor Corporation (Realtek). By way of a signed Memorandum of Understanding, Nuheara and Realtek will partner together to develop chipset (Integrated Circuits or ICs) and technology solutions to globally penetrate multiple hearing related markets. These include the global True Wireless Stereo (TWS) with Personal Sound Amplification Product (PSAP) chipset market and the regulated Over The Counter (OTC) Hearing Aid market.

The Partnership will initially help Nuheara 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 and technology solutions for the broader consumer electronics market. Components of Nuheara's Intellectual Property (IP) including smart hearing processing and self-fit technology are planned to be embedded on Realtek ICs, for which Nuheara will receive a to be agreed royalty fee for each IC sold.

Nuheara will also offer Realtek customers full earbud design and manufactured solutions for an agreed services fee per implementation.