Oracle cancels $7 bln chip leasing deal with Tencent, FT reports
In short
The termination impacts a major commercial agreement valued at billions of dollars between the two technology firms. Reporting from the Financial Times revealed the dissolution of the contract. However, further details explaining why the partnership was ended have not been made public.
Key points
- Oracle and Tencent have abandoned a major chip leasing deal worth $7 billion.: Oracle and Tencent have abandoned a major chip leasing deal worth $7 billion.
- Media reports from the Financial Times uncovered the cancellation of the substantial agre…: Media reports from the Financial Times uncovered the cancellation of the substantial agreement.
- The underlying drivers behind the dissolution of the hardware arrangement remain entirely…: The underlying drivers behind the dissolution of the hardware arrangement remain entirely unknown.