'초호황' 반도체, PEF 운용사는 관심없다…이유는

Korean PE firms systematically avoid semiconductor manufacturing investments despite industry boom, revealing a structural incompatibility between fixed fund lifecycles (8-10 years) and semiconductor's volatile, multi-year cycles. The industry's capital-intensive nature combined with difficult market timing, conservative domestic investor preferences, and past defaults (notably LG Siltron) makes chip production an unattractive asset class for PE acquisitions regardless of near-term performance.