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Oracle Scraps $7 Billion Deal to Lease Chips to Tencent, FT Says

Bloomberg Technology Wednesday 04 November 2026, 05:16 UTC By Mark Anderson 1 min read
Key Points

Deals Oracle Scraps $7 Billion Deal to Lease Chips to Tencent, FT Says Oracle Corp. has canceled a $7 billion dollar chip leasing deal with Tencent Holdings Ltd., the Financial Times reported. The newspaper reported last month that Oracle had signed a five-year agreement to lease 100,000 chips to Tencent in the Chinese firm’s largest ever overseas deal. US officials told Oracle of their concerns about the Tencent deal, the FT said, citing two people familiar with the matter.

Deals Oracle Scraps $7 Billion Deal to Lease Chips to Tencent, FT Says Oracle Corp. has canceled a $7 billion dollar chip leasing deal with Tencent Holdings Ltd., the Financial Times reported. The newspaper reported last month that Oracle had signed a five-year agreement to lease 100,000 chips to Tencent in the Chinese firm’s largest ever overseas deal. US officials told Oracle of their concerns about the Tencent deal, the FT said, citing two people familiar with the matter. Tencent did not immediately respond to a request for comment.
Oracle Scraps (ORG) Lease Chips (ORG) Oracle Corp. (ORG) Tencent Holdings Ltd. (ORG) the Financial Times (ORG) Oracle (ORG) Tencent (ORG) Chinese (ORG) US (LOCATION)
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