Oracle has scrapped a chip leasing deal with Tencent worth an estimated $7bn after the Trump administration leaned on it, according to a Wednesday report in the Financial Times .

US officials went to Oracle with concerns about the deal, the newspaper said, citing people familiar with the matter.

Reuters said it could not immediately verify the report, and Oracle, Tencent and the White House also left Reuters’ requests for comment unanswered.

Pressure came from Beijing as well. Senior officials from Guangdong, the province where Tencent is based, visited the company and urged it to back chips made in China, the FT reported.

The FT first reported the Oracle lease deal last month, calling it Tencent’s largest overseas lease. Under the five-year agreement, Tencent was to rent capacity in several Oracle data centres in Southeast Asia and pay about 30% of the value upfront.

The lease would have let Tencent use about 100,000 advanced AI chips it cannot buy at home.…