China & the Global Smartphone Economy
Episode length 26:14
November 6, 2019
Merrill Perspectives
Your smartphone is assembled from hundreds of sophisticated parts, many of which are made in China. But the key elements—the parts that actually make your smartphone "smart"—come from just a few factories in the world, none of which are in China.
On this episode, our hosts Candace Browning, Brett Hodess, Chris Hyzy and Helen Qiao unpack the complex technology needed to make a smartphone, including the semiconductors and software—made in large part by American companies—that power it. Through this lens, they explore the larger race for technological leadership between the U.S. and China, including issues around intellectual property and national security. They also look at the effect of this high-tech competition on economic growth in both countries, the potential drawbacks, and how it could ultimately benefit everything from manufacturing and 3-D printing, to defense and the health care sector—creating potential investment opportunities in its wake.
Host:
Candace Browning
Head of
BofA Merrill Lynch
Global Research
Host:
Christopher M. Hyzy
Chief Investment Officer
Merrill and Bank of America Private Bank
Host:
Helen Qiao
Chief Economist for
Greater China
BofA Merrill Lynch Global Research
Host:
Brett Hodess
Head of
Americas Equity Research
BofA Merrill Lynch Global Research
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