May 6, 2014

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Article

Study Shows Utah is Fastest-Growing High Tech Exporter

Press Release

May 6, 2014

A new study released by Washington, D.C.-based Tech CEO Council found that Utah is the nation’s fastest-growing exporter of high tech hardware, software and services. The research results show the impact of free trade agreements on Utah's economy, in particular the high tech sector, which represents over 7 percent of the state's GDP. The study represents the first time that high tech, or information communications technology (ICT), goods and services have been broken out down to the Congressional district level.

In addition, Utah data reveals that:

  • Semiconductor exports from Utah increased from $12 million to $434 million to Taiwan alone between 2006 and 2012.
  • The high tech sector in Utah represents 5.2 percent of state workers and more than 53,000 jobs.

Utah’s ICT exports have nearly tripled since 2006 thanks to a large number of semiconductor manufacturers in the state, including Intel, Micron Technology and National Semiconductor Corp.

To view the full report visit www.techceocouncil.org/tradedata

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