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Oracle scraps $7 billion chip deal with Tencent, report says

Original: oracle

Oracle has abandoned a planned US$7 billion agreement to lease chips to Chinese tech firm Tencent, according to an Financial Times report cited by Business Times. The decision reportedly came under pressure from the Trump administration, highlighting continued US scrutiny of American technology companies doing business with Chinese firms. The collapse of the deal underscores tightening restrictions on advanced computing resources reaching China.

Why now: The reported US$7 billion deal collapse under US government pressure highlights ongoing tensions over US-China technology transfers.

OracleTencentDonald TrumpFinancial Times

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