Semiconductor stocks declined in late trading Tuesday after a report that Microsoft Corp. ended negotiations to lease cloud infrastructure from Oracle Corp., a deal valued at over $3 billion, according to a report from Business Insider cited by ZeroHedge [1]. The planned arrangement would have moved some Microsoft workloads to Oracle Cloud Infrastructure, but Microsoft walked away due to concerns over security compliance, according to a person familiar with the matter. Microsoft’s decision was driven by Oracle’s lack of the Federal Risk and Authorization Management Program (FedRAMP) security certification, which the U.S. government requires for handling federal data. Oracle was…
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