Core Viewpoint - The article discusses seven different business strategies employed by chip distributors, highlighting their unique approaches, risk preferences, and market dynamics in the semiconductor industry [3][4][6]. Group 1: Business Strategies - The first strategy is the Long-term Cultivation type, where distributors build deep relationships with a few brands and focus on stable business, which can be further divided into those who stock general materials and those who deal in niche materials with higher profits [3]. - The second strategy is the Inventory King type, characterized by distributors maintaining large inventories worth several billion dollars, with a turnover every three months and gross margins of 20-30% [4]. - The third strategy focuses on Stable Downstream Demand, targeting end customers and large EMS players with predictable monthly and quarterly demand, leading to significant revenue contributions from individual clients [5]. Group 2: Additional Strategies - The fourth strategy is the Unified Goods + Low Price Liquidity type, which thrives during market fluctuations, allowing distributors to sell mixed batches at lower prices while still making profits [6]. - The fifth strategy involves the Internet Celebrity Materials type, characterized by high information asymmetry and rapid market changes, requiring distributors to possess specific traits to succeed [6]. - The sixth strategy is the Recycling System type, where companies with environmental certifications buy electronic waste at low prices and transform it into valuable materials [6]. - The seventh strategy is the Newcomer Brick Moving type, where individuals without stable supply or demand sources manage to survive in the industry by seizing opportunities [6].