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Oracle cancels $7 billion Tencent AI chip lease under Trump administration pressure

Oracle has canceled a five-year agreement to lease advanced AI chips to Tencent, valued at about $7 billion, after US officials raised concerns with the company, the Financial Times reported.

Read the full story at Financial Times AI ↗

Timeline · 5 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
  3. 2026-11-04 08:50 · Economic Times Tech
    Oracle abandons $7 billion Tencent AI deal under Trump pressure: FT
  4. 2026-11-04 06:05 · Reuters AI
    Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports
  5. 2026-11-04 05:00 · Financial Times AI
    Oracle cancels $7bn Tencent AI deal under Trump pressure

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  1. Oracle scraps ~$7B deal to lease ~100K AI chips to Tencent after US pressure — Techmeme
  2. Tencent launches Hy4 model with vision and computer-use capabilities — SCMP China Tech
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  4. Oracle to raise $20 billion in bond and share sale to fund AI expansion — Reuters AI
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