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Oracle cancels Tencent chip leasing deal under US pressure

Published

A long data centre corridor with rows of blue-lit server racks receding under ceiling lights.
by MightyFineBros via Pixabay

Oracle has ended a multibillion-dollar contract to lease chips to the Chinese company Tencent. The move follows pressure from the Trump administration and shows rising tension for US cloud providers that serve Chinese AI companies.

Oracle is a US cloud provider. Tencent is the Chinese company that was party to the contract.

A single outlet gave this account, and it did not say what form the US pressure took.

Key facts

Who
Oracle (US cloud provider that scrapped the chip leasing contract); Tencent (Chinese company party to the cancelled chip leasing contract); Trump administration (US government that applied pressure)
What
Oracle has cancelled a multibillion-dollar chip leasing deal with Tencent following pressure from the Trump administration, the article reports, in a sign of rising tensions for US cloud providers serving Chinese AI companies.
When
4 November 2026
Status
Reported

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