Veytics Intelligence
2026-11-04 · NASDAQ

Oracle Reportedly Cancels $7 Bln Chip Leasing Deal With Tencent Amid U.S. Pressure

(RTTNews) - Oracle Corporation (ORCL) has canceled a multibillion-dollar chip leasing agreement with Chinese technology giant Tencent following pressure from the Trump administration, the Financial Times reported on Wednesday citing people familiar with the matter.

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