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Latest / Chips, compute and energy

DealComputeGovernmentChina USReported

Oracle reportedly cancels $7 billion Tencent AI chip lease under US pressure

See how this story connects

Source: Reuters via The Economic TimesAlso reported by Financial Times

The Financial Times reported on Wednesday that Oracle has cancelled a multibillion-dollar chip leasing contract with Tencent after pressure from the Trump administration. The FT reported last month that Tencent had signed a five-year lease, worth an estimated $7 billion, giving it access to about 100,000 advanced AI chips across Oracle data centres in Southeast Asia. Reuters could not immediately verify the report, and Oracle, Tencent and the White House did not respond to requests for comment.

Why it matters

If the report holds, Tencent loses the lease for about 100,000 AI chips that US and Chinese curbs kept out of China, and it has been asked to back domestic chips.

When
4 Nov 2026
ID
WTA-N-2026-0695
Who
Oracle, Tencent

Summary written with AI by wheresthe.ai, from Reuters via The Economic Times and the reporting credited above. We could not open the primary document, so it is marked Reported. Checked against the source on 4 Nov 2026.

Read the original at Reuters via The Economic Times

Source copy: saved on 4 Nov 2026 to check this story and not republished, because the text belongs to its publisher. Also held by the Internet Archive.

Next stop on this Storyline: What happened nextAbout 600,000 Nvidia H200 chips are stored in Hong Kong awaiting Chinese approval

Cite this story

WTA-N-2026-0695: “Oracle reportedly cancels $7 billion Tencent AI chip lease under US pressure.” wheresthe.ai, 4 Nov 2026. https://wheresthe.ai/d/cn-oracle-reportedly-cancels-tencent-ai-chip-lease-2026-11/ (source: Reuters via The Economic Times).

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