On August 14, TF Securities issued a research report highlighting that the escalating power consumption of new CPU and GPU products is driving up the power demands for data center cabinets. Notably, in the realm of computing chips, this rise in power consumption has emerged as the primary catalyst for the rapid growth in power requirements for data center cabinets. In general-purpose servers, computing chips like CPUs and GPUs consume roughly 50% of the total power, whereas in AI servers, this proportion soars to over 80%. The current state of the IDC industry in 2023 reveals a gradual maturation process, accompanied by a downward price trend. Amidst this landscape, while foreign manufacturers continue to witness substantial growth in capital expenditures, domestic manufacturers are exhibiting signs of differentiation. Notably, companies such as ByteDance and Tencent are gradually taking center stage with their increasing capital expenditures.