Oracle has canceled a five-year agreement to lease advanced AI chips to Tencent after pressure from the Trump administration, the Financial Times reported on November 4, as relayed by TechNode. The deal, worth about $7 billion, would have given Tencent access to around 100,000 advanced AI chips in Oracle's data centers in Southeast Asia.
According to the report, US officials raised concerns about the arrangement with Oracle. At the same time, senior officials from Guangdong visited Tencent and asked it to support Chinese chips.
Reuters said it could not independently verify the report, and Oracle, Tencent and the White House did not respond to its requests for comment. It is not yet known whether the chips will be allocated to another customer.