Oracle scrapped a ~$7B deal to lease ~100K advanced AI chips to Tencent, Sources say
oracle has reportedly canceled a five‑year lease of about 100,000 advanced ai chips worth roughly $7 billion to chinese technology giant tencent. sources say the decision came after pressure from the trump administration, amid growing tension over u.s. ai infrastructure companies doing business with chinese firms.
1 source
Key points
- oracle canceled a ~$7b, five‑year lease of ~100k ai chips to tencent
- deal involved advanced ai chips
- cancellation due to pressure from trump administration
the move highlights the impact of u.s. policy on ai supply chains and the broader geopolitical friction between the two countries.
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