The constraint is not only hardware.
Compute supply is highly concentrated, while many developing and smaller markets face high capital costs, limited purchasing power, infrastructure constraints and a lack of scale. Those conditions can make an otherwise useful investment appear uneconomic when each buyer approaches the market alone.
Demand is an infrastructure asset.
Aggregation changes the transaction before ownership is decided. A larger and more predictable demand book can improve supplier economics, support financing and justify capacity that fragmented procurement would not. Standardized service requirements and price bounds also make offers easier to compare.
Ownership should follow evidence.
Aggregation does not automatically imply building data centers or manufacturing hardware. It creates the option set. States can buy, reserve, lease, finance, build, invest or acquire as the economics become visible. The first asset is therefore information: protected demand, standardized requirements and credible purchasing authority.