Australian smart earbud maker Nuheara enters voluntary administration due to failed commercial deal with partner Realtek.
Australian smart earbud maker Nuheara enters voluntary administration due to a failed commercial deal with Taiwanese semiconductor partner Realtek. Nuheara, specializing in smart hearing aids, had signed a MOU two years ago to jointly develop a next-gen chip for their earbuds but disputes over licensing fees and royalties led to the relationship's deterioration. Nuheara was unable to pay a $2.5m loan to Realtek and sought KPMG administrators for help after raising only $1.85m in capital from investors.
August 11, 2024
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