Tencent leases 100000 banned Nvidia chips through Oracle in Southeast Asia

Tencent leases 100000 banned Nvidia chips through Oracle in Southeast Asia

Oracle would collect roughly $2.1 billion upfront from the five-year lease, and its shares rose nearly 2% on the report, even as the deal exposes a gap in US export rules over remote chip access.

Oracle Leases 100,000 Nvidia Chips to Tencent, Routing Around US Export Controls

Tencent signed a five-year, ~$7 billion deal to lease roughly 100,000 advanced Nvidia chips from Oracle data centers in Southeast Asia, chips it cannot legally import into China. The arrangement is legal under current US export-control rules, and that gap is the story.