Asia
China· HedeOracle Cancels $7B Chip Leasing Contract with Tencent Amid US Pressure
Oracle has reportedly canceled a $7 billion chip leasing deal with Tencent, allegedly due to pressure from US officials.
Background
The United States and China are engaged in ongoing economic and technological competition. This includes US efforts to limit China's access to advanced technology, particularly semiconductors, citing national security concerns. This broader trend impacts global supply chains and international business relationships.
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Oracle Cancels $7B Chip Leasing Contract with Tencent Amid US Pressure
First report 5h agoLast update 4h ago1 takes 1
deal cancellation due to pressureneutralShow 3 posts
started 5h ago•Last update 4h ago
The contract cancellation is attributed to pressure from US officials on Oracle.
Oracle Cancels $7B Chip Leasing Contract with Tencent Amid US Pressure
First report 5h agoLast update 4h ago1 takes 1
deal cancelled due to pressureneutralShow 3 posts
started 5h ago•Last update 4h ago
The Oracle-Tencent chip deal was reportedly canceled following pressure from US officials and local Guangdong authorities.
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