Oracle scraps $7 billion AI chip lease deal with Tencent after 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 about 100,000 advanced AI chips to Tencent, a deal worth roughly $7 billion, after the Trump administration raised concerns, the Financial Times reported.
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Timeline · 5 reports
- 2026-11-05 06:03 · TechNode
Oracle reportedly cancels $7 billion Tencent AI chip lease under US pressure - 2026-11-04 11:10 · The Next Web
Oracle cancels $7B Tencent AI chip lease under US pressure, FT reports - 2026-11-04 08:50 · Economic Times Tech
Oracle abandons $7 billion Tencent AI deal under Trump pressure: FT - 2026-11-04 06:05 · Reuters AI
Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports - 2026-11-04 06:05 · Techmeme
Sources: Oracle has scrapped a ~$7B, five-year deal to lease ~100K advanced AI chips to Tencent after yielding to pressure from the Trump administration (Financial Times)