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Oracle Reportedly Cancels $7 Bln Chip Leasing Deal With Tencent Amid U.S. Pressure
Source: Nasdaq
Trade Policy & Supply ChainGeopolitics & WarSanctions & Export ControlsCompany Fundamentals
Oracle canceled a multibillion-dollar chip-leasing agreement with Tencent following pressure from the Trump administration, the Financial Times reported, citing people familiar with the matter. The report does not specify the deal’s value or the financial impact on either company.
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