High-Tech
California’s high-tech sector stands as a cornerstone of the state’s economy, known for its influential role in driving the state’s reputation for innovation and outsized productivity. The state’s strong existing presence in hardware, software and services, and semiconductors positions the state to lead on emerging high-tech subsectors, including AI, quantum, computing, and robotics.
California’s high-tech sector accounted for ~$620 billion of U.S. gross regional product in 2022, the highest of any in the nation, while hosting some of the largest high-tech businesses, including $4 trillion market capitalization companies, NVIDIA, Apple, Meta, and Alphabet.4
Higher education institutions in California produce more graduates within computer and information sciences fields, ~23,000 in 2022, than any other state.5 Three of the top ten AI programs are housed at UC Berkeley, Stanford, and UC San Diego.6
Offering high-paying jobs, enabling innovation across all strategic sectors and attracting significant investment, California’s world-class high-tech ecosystem sets the stage for its continued success.
High-Tech Subsectors
Hardware
Semiconductors & Microelectronics
Software & Services
Artificial Intelligence
Quantum
Robotics
Popular Programs
California Competes Tax Credit
The California Competes Tax Credit is an income tax credit available to businesses who want to relocate, stay, or grow in California. Our team provides no-cost consultations to see if your business qualifies.
Research & Development Tax Credit
A business may qualify for an income tax credit if it paid for or incurred qualified research expenses while conducting qualified research activity in California. Qualified research expenses include wages, supplies, and contract research costs.
Employment Training Panel
The Employment Training Panel (ETP) provides funding to employers for training that upgrades the skills of their workers.
