"Japan has to change," Yamaguchi said. And he sees some evidence for that happening, starting with the response to the earthquake and tsunami that devastated his country.
"Renesas made an incredible effort to recover its manufacturing within three months, not six or nine months." He said this shows what can be achieved when people come together on a mission and are prepared to work weekdays and weekends until the goal achieved.
Japanese companies still have a commanding position in some sectors. So the country needs to focus on microcontrollers, NAND flash memory, CMOS sensors, Yamaguchi said.
With much of the global economic growth nearby in Asia Japan is well placed to compete in the many applications that will demand hardware and software solutions; things like mobile consumer electronics and sustainable and energy-related development, healthcare and security.
"We had a lot of issues in our past but we have recognized where we should go!" Yamaguchi concluded.
Related links and articles:
Renesas: A three-horn dilemma with a three-prong solution
Japanese EUV litho consortium goes global
Image gallery: Recovering Renesas' Naka fab