Breaking

Tencent Leases 100,000 Chips from Oracle to Expand AI Capacity

September 30, 2026 at 23:14 EDT

Infra & Chips
Foundation Models
Sales & Business

Tencent has leased 100,000 chips from Oracle, a large compute-capacity move aimed at accelerating the Chinese internet group’s AI push. The deal gives Tencent another route to scarce accelerator supply as it scales model development, AI applications and cloud services.

Oct. 1, 2026 | Tencent and Oracle

Tencent buys speed with leased compute

A 100,000-chip Oracle lease gives Tencent more AI capacity as Hy models, coding tools, office agents and cloud demand push infrastructure spending higher.

100,000

chips leased from Oracle

RMB52.8B

Tencent Q2 capex

176%

year-on-year capex growth

295B

Hy3 total parameters

AI capex steps up

Tencent's Q2 capital expenditure rose from RMB19.1B to RMB52.8B, about 2.8x higher year on year.

RMB19.1B

Q2 2025

RMB52.8B

Q2 2026

Lease

Add Oracle capacity

Train

Improve Hy models

Serve

Run inference tools

Sell

Meet cloud demand

Why it helps

More rentable compute can support Hy training, WorkBuddy and CodeBuddy inference, Weixin AI features and external cloud customers.

What to watch

Costs, location, chip type, lease duration and export-control changes remain the key constraints around the added capacity.

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