● IndustryNov 4, 2026 · 12:238 sources
Oracle Cancels $7B AI Chip Lease With Tencent Following Trump Administration Pressure
From marketbrief.now
AI;DR
Oracle canceled a proposed $7B partnership that would have leased up to 100,000 AI chips to Tencent across Southeast Asian data centers over five years, after the Trump administration raised concerns about the deal. The hardware would have been unavailable in China due to trade restrictions, and Oracle, Tencent, and the White House have not publicly commented on the cancellation.
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Sources
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- SUPPORT@wallstengine“The five-year agreement would have given Tencent access to as many as 100,000 advanced AI chips across Oracle data centers in Southeast Asia, making it Tencent's largest overseas chip leasing deal.”x.com
- SUPPORT@zijing_wu“This died before the midterm, in case you wondered.”x.com
- SUPPORT@rohanpaul_ai“Nvidia has now told cloud clients to sell at least 51% of their services to non-Chinese companies.”x.com
- SUPPORT@techmeme“Oracle has scrapped a ~$7B, five-year deal to lease ~100K advanced AI chips to Tencent after yielding to pressure from the Trump administration”x.com