Oracle drops $7 billion Tencent chip lease after US pressure

US officials raised concerns with Oracle about the agreement, according to The Economic Times, citing the Financial Times. The Financial Times reported that the intervention came as US AI infrastructure companies faced growing tensions over doing business with Chinese technology giants, with the cancellation following pressure from the Trump administration.

Covered by 3 publishers within 4 hours of the first report.

• Bloomberg: Oracle Scraps $7 Billion Deal to Lease Chips to Tencent, FT Says

Reporting3

FT Financial Times Oracle cancels $7bn Tencent AI deal under Trump pressure 12:00 AM

BL Bloomberg Oracle Scraps $7 Billion Deal to Lease Chips to Tencent, FT Says · Mark Anderson 12:16 AM

ET The Economic Times Oracle abandons $7 billion Tencent AI deal under Trump pressure: FT 3:50 AM

Discussion

Y Hacker News 5 points, 1 comments

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Topics Oracle