Washington

GOOGLE executive chairman Eric Schmidt said Tuesday the smart phone and broadband networks are good investment targets in the next five to ten years.

"The entire industry has switched to the smart phone as the access device to everything. Every single thing in your personal life, in your professional life will be controlled and monitored by applications yet to be invented on smart phones," said Mr Schmidt at the 2015 SelectUSA Investment Summit, a biennial event started in 2013 to promote investment in the country.