ORCL ▼ -0.1% - Oracle Corporation $ORCL Oracle: Reportedly Cancels $7B AI Chip Leasing Deal With Tencent Amid U.S. and Chinese Pressure — FT ? • Deal: Five-year agreement covering up to 100,000 advanced AI chips at Oracle’s Southeast Asian data centers. • Washington: Trump administration reportedly raised concerns over Chinese access to advanced AI hardware. • Beijing: Chinese officials urged Tencent to prioritize domestic chipmakers. • Status: Deal reportedly canceled despite overseas chip leasing remaining legal. 04-NOV-2026 05:23 AM ET