Oracle abandons $7 billion Tencent AI deal under Trump pressure: FT
US officials approached Oracle to raise concerns about the Tencent deal, the newspaper said, citing people familiar with the matter.
- ✓US officials approached Oracle to raise concerns about the Tencent deal, the newspaper said, citing people familiar with the matter.
- ✓The Financial Times reported last month that Tencent signed its largest overseas lease deal, worth an estimated $7 billion, with Oracle.
- ✓Civic Domain: Categorized under technology public notices.
(Catch all the Technology News News, and Latest News Updates on The Economic Times.) SynopsisUS officials approached Oracle to raise concerns about the Tencent deal, the newspaper said, citing people familiar with the matter.
US officials approached Oracle to raise concerns about the Tencent deal, the newspaper said, citing people familiar with the matter. Tencent also received visits from top officials in Guangdong, where the group is based, who asked the compnay to support domestic Chinese chips, the report said Reuters could not immediately verify the report.
Oracle, Tencent and the White House did not respond to Reuters requests for comment on the report. The Financial Times reported last month that Tencent signed its largest overseas lease deal, worth an estimated $7 billion, with Oracle.
The deal would have given Tencent access to about 100,000 advanced AI chips that were not available in China due to curbs from Washington and Beijing, according to the report. Tencent had agreed to a five-year lease across multiple Oracle data centers in Southeast Asia, according to the report.
Read more news onOracle Tencent AI dealTrump administration Oracle pressureTencent chip leasing contractAI chips lease dealUS-China tech relationsFinancial Times Oracle Tencent (Catch all the Technology News News, and Latest News Updates on The Economic Times.)
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| Issuing Authority | ET Tech & Digital India |
|---|---|
| Topic Category | TECHNOLOGY |
| Jurisdiction | All India / National |
| Publication Date | 4 November 2026 |