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Tencent to lease 100,000 chips from Oracle in $7 billion deal

Original: Tencent leases 100,000 chips from Oracle for $7 bln- FT

The Financial Times reports that Tencent has agreed to lease around 100,000 chips from Oracle in a deal worth roughly $7 billion. The arrangement, picked up by Yahoo Finance and Investing.com, would give the Chinese tech giant access to large-scale computing capacity through Oracle's infrastructure, and it is drawing attention amid tight global supply and export controls on advanced chips.

Why now: A massive cross-border chip leasing deal highlights the intense demand for computing power and the workarounds firms are using amid semiconductor export restrictions.

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Evidence

• Tencent leases 100,000 chips from Oracle for $7 bln- FT · Yahoo Finance
• Tencent leases 100,000 chips from Oracle for $7 bln- FT · Investing.com
• Tencent leases 100,000 chips from Oracle for $7 bln- FT · Yahoo Finance UK

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