# Oracle reportedly scraps ~$7B AI chip lease deal with Tencent

_Published Wednesday, November 4, 2026 at 6:05 AM EST · AI, Products · Latest · Tier 2 — Notable_

Oracle has scrapped a ~$7B, five-year deal to lease ~100K advanced AI chips to Tencent after pressure from the Trump administration, the Financial Times reported, citing sources.

The intervention comes amid growing tension for US AI infrastructure groups doing business with Chinese technology giants.

## Sources

- [Techmeme](https://www.techmeme.com/261104/p2#a261104p2)

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Canonical: https://techandbusiness.org/newswire/yhKFGpN-bsxSeOSkEM_x_b
Published: 2026-11-04T11:05:30.143Z
Story chronology: 2026-11-04T06:05:02.000Z
Retrieved: 2026-11-04T14:07:16.374Z
Publisher: Tech & Business (techandbusiness.org)