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Oracle cancels $7 billion AI chip lease deal with Tencent under US pressure

This story is from 2026-11-04. It is preserved in the archive; the latest stories are on the live feed.

Oracle has canceled a five-year agreement to lease advanced AI chips to Tencent, valued at about $7 billion, after pressure from the Trump administration, according to a Financial Times report.

Read the full story at The Next Web ↗

Timeline · 2 reports

  1. 2026-11-05 06:03 · TechNode
    Oracle reportedly cancels $7 billion Tencent AI chip lease under US pressure
  2. 2026-11-04 11:10 · The Next Web
    Oracle cancels $7B Tencent AI chip lease under US pressure, FT reports

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