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Oracle Scraps Tencent Deal Amid US Pressure
4 Nov
Summary
- Oracle reportedly canceled a multibillion-dollar chip deal with Tencent.
- The decision followed pressure from the Trump administration.
- The report was published on November 4, 2026.
As of November 4, 2026, Oracle has reportedly terminated a substantial chip leasing contract valued in the billions of dollars with Tencent. This significant business decision was allegedly made in response to pressure exerted by the Trump administration.
The Financial Times reported on this development, though Reuters could not immediately confirm the details. The contract cancellation signifies a major shift in the business dealings between Oracle and Tencent, influenced by geopolitical tensions.
This event highlights the impact of U.S. administration policies on international business agreements. The specifics of the pressure and the full implications for both companies are under scrutiny following this report.
