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Oracle cancels $7 billion Tencent AI chip lease 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 scrapped a five-year deal, valued at about $7 billion, to lease advanced AI chips to Tencent after the Trump administration raised concerns, the Financial Times reported.

Read the full story at Economic Times Tech ↗

Timeline · 3 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

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