TSMC May Revenue Up 30.1%, SK Hynix $14B ADR and GM Grid Storage Highlight Nvidia
NVDA•TSMC reported May revenue of NT$416.98 billion, up 30.1% YoY, and SK Hynix plans a U.S. ADR listing that could raise $14 billion, while supplying Nvidia with high-bandwidth memory. GM launched EV-to-grid software pilots and is developing sodium-ion batteries for grid-scale AI data centers, underscoring rising demand for Nvidia GPUs.
1. TSMC Sales Growth and Nvidia Chip Demand
In May 2026 TSMC posted NT$416.98 billion in revenue, a 30.1% year-on-year increase and 1.5% month-on-month gain, driven by strong orders for advanced AI and high-performance computing chips that support Nvidia’s GPU production.
2. SK Hynix ADR Debut and Nvidia Partnership
SK Hynix is preparing a U.S. ADR listing as early as August with potential proceeds of up to $14 billion, leveraging its position as Nvidia’s largest high-bandwidth memory supplier under a new multi-year development agreement.
3. GM’s EV-to-Grid Software and Sodium-Ion Batteries
General Motors rolled out a pilot EV-to-grid software update allowing owners to sell stored power back to utilities and is developing sodium-ion battery cells for utility-scale AI data centers, highlighting expanding grid infrastructure for Nvidia GPUs.
