Oracle has scrapped a $7 billion chip leasing contract with Tencent after increased pressure from the Trump administration, the Financial Times reported. The five-year lease, signed earlier this year, would have given Tencent access to as many as 100,000 advanced AI chips in data centers across southeast Asia, but it was canceled after U.S. officials raised concerns. Beijing also scrutinized the deal and asked Tencent to seek domestic chips. According to the FT, Nvidia has told cloud clients to sell at least 51% of their capacity to non-Chinese companies, while ByteDance and Alibaba still hold large chip leasing deals with U.S. providers. Oracle is a major supplier to ByteDance in Asia, with several data centers in Malaysia.
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OracleNVDAsemiconductorsdata centersChina
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NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/03/2026 | 206.57 |
| Change that session | +2.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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