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

By Thomas Barrabi 1 views 0 comments
Oracle nixes $7B chip leasing deal with China’s Tencent after Trump admin pushback: report
Image: New York Post

The deal struck by Oracle and its billionaire chairman Larry Ellison would have provided Tencent with access to up to 100,000 AI chips located at Asia-based data centers over a five-year term. Ordinarily, Tencent would be barred from accessing the advanced chips due to US export controls.

New York Post Original story · nypost.com
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