Sector Overview
California’s high-tech sector stands as a cornerstone of the state’s economy and innovation, with a strong presence in hardware, software and semiconductors, and emerging fields like AI, quantum, computing, and robotics.
In 2022, the sector contributed about ~$620 billion to the U.S. economy, more than any other state, while hosting some of the largest high-tech businesses, including tech giants like NVIDIA, Apple, Meta, and Alphabet.4
The state also leads in tech talent, graduating about 23,000 students in 2022, more than any other state 5, and hosting three of the top ten AI programs at UC Berkeley, Stanford, and UC San Diego.6
With high-paying jobs, cutting-edge research and significant investment, California’s world-class high-tech ecosystem sets the stage for long-term 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.
Advanced Transportation and Manufacturing Sales and Use Tax Exemption
The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) offers a full sales and use tax exclusion to manufacturers that promote alternative energy and advanced transportation.
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.
