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Oracle scraps $7B chip leasing deal with Tencent after US pressure

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

Oracle has reportedly cancelled a $7 billion chip leasing arrangement with China's Tencent following pushback from the Trump administration. The decision highlights ongoing US restrictions on advanced technology transfers to Chinese firms, and underscores Washington's tightening grip on semiconductor deals involving China amid escalating tech tensions between the two countries.

Why now: US-China tech tensions and the Trump administration's restrictions on semiconductor deals with Chinese firms remain highly contested

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• Oracle nixes $7B chip leasing deal with China's Tencent after Trump admin pushback: report · New York Post

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