The limit on the number of files specified in the LOCATION clause is 32767. Each place is transferred to the access driver as ODCIArgDesc, then VARRAY ODCIArgDescList has a size of 32767 (do "describes ODCIArgDescList").
The size of external files is limited / determined by the OS system calls that access the files, and this depends on the OS port. However, most modern operating systems support 64-bit file sizes. Some operating systems may still be stuck in 32-bit files.
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