# Oracle nixes $7B chip leasing deal with China’s Tencent after Trump admin pushback: report

- URL: https://talkfuse.com/story/oracle-nixes-7b-chip-leasing-deal-with-chinas-tencent-after-trump-admin-pushback-report/
- Published: 2026-11-04T18:34:26+00:00
- Updated: 2026-11-05T05:09:40+00:00
- Original publisher: New York Post (publisher lean: Right)
- Original article: https://nypost.com/2026/11/04/business/oracle-nixes-7b-chip-leasing-deal-with-chinas-tencent-after-trump-admin-pushback-report/
- Topics: AI, Americas, Asia, Technology, World

## Key points

- Oracle reportedly dropped its proposed $7 billion Tencent chip lease.
- The deal could have covered up to 100,000 AI chips over five years.
- US officials raised concerns amid export controls and US-China AI competition.

## Summary

Oracle has reportedly cancelled a proposed $7 billion deal to lease AI chips to Tencent after officials in the Trump administration raised concerns. The arrangement mattered because it could have given the Chinese technology company access to advanced US chips despite export controls, amid competition between the US and China for AI leadership.

The five-year deal would have provided access to as many as 100,000 chips in data centres across Asia, according to a report citing two sources familiar with the matter. Chinese officials also reportedly urged Tencent to use domestic chips. Oracle, Tencent and the White House did not immediately comment; US rules restrict sales of the most advanced Nvidia AI chips to Chinese firms, prompting some to seek overseas leasing arrangements.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.