Oracle Reportedly Cancels $7 Billion Chip Leasing Deal With Tencent
The Financial Times, citing people familiar with the matter, reported that Oracle canceled a multibillion-dollar chip leasing agreement with Tencent following pressure from the Trump administration.
REDWOOD SHORES (dpa-AFX) - Oracle Corporation (ORCL) has canceled a multibillion-dollar chip leasing agreement with Chinese technology giant Tencent following pressure from the Trump administration, the Financial Times reported on Wednesday citing people familiar with the matter.According to the re…