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China & the Global Smartphone Economy

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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.

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China and the Global Smartphone Economy

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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.


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Investments in a certain industry or sector may pose additional risk due to lack of diversification and sector concentration.

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