We've gone past the point where capital expenditure (capex) is the largest cost component for servers.

目前，服务器成本已经不再是最大资本支出。

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Oftentimes, the upfront capital expenditure can be so huge and the margins are small enough (and shrink over time as the component is rapidly commoditized) that the companies who would build these factories cannot raise sufficient investment capital to cover the costs.

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