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

Oracle has scrapped an estimated $7 billion chip leasing contract with Tencent after US officials raised concerns about the deal, the Financial Times reported on Wednesday.

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Timeline · 4 reports

  1. 2026-11-04 11:10 · The Next Web
    Oracle cancels $7B Tencent AI chip lease under US pressure, FT reports
  2. 2026-11-04 08:50 · Economic Times Tech
    Oracle abandons $7 billion Tencent AI deal under Trump pressure: FT
  3. 2026-11-04 06:05 · Reuters AI
    Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports
  4. 2026-11-04 05:00 · Financial Times AI
    Oracle cancels $7bn Tencent AI deal under Trump pressure

More stories

  1. Oracle scraps ~$7B deal to lease ~100K AI chips to Tencent after US pressure — Techmeme
  2. Tencent launches Hy4 open-weight AI model with vision and computer-use capabilities — SCMP China Tech
  3. Chinese AI firms' $70B Nvidia GPU orders face severe supply shortfall — Techmeme
  4. LongCat 2.5 and Tencent Hy4 models now available on Vercel AI Gateway — Vercel Blog
  5. Oracle to raise $20 billion in bond and share sale to fund AI expansion — Reuters AI
  6. Tencent releases open-source AI model trained with limited cybersecurity data — Reuters AI
  7. Tencent Releases Foundation Model It Says Ranks Among China's Best — Bloomberg AI
  8. Tech giants commit over US$3 trillion to AI infrastructure buildout — DigiTimes Asia

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