This story is from October 1, 2026. For the latest, see today's news.
Tencent has reportedly signed a five-year deal worth about $7 billion with Oracle, according to sources cited by the Financial Times. The arrangement gives Tencent access to roughly 100,000 advanced AI chips through in Southeast Asia, chips that are currently restricted from being sold directly into China.
The deal highlights how Chinese tech giants are working around export controls on advanced by securing computing capacity abroad. Tencent joins rivals like ByteDance and Alibaba in racing to expand AI infrastructure as competition in China's AI sector intensifies.
Oracle's involvement underscores the growing role of major cloud providers in supplying AI to global clients, including companies based in countries facing US chip export restrictions.
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