High tech

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File:Vinfast's Electric Car Manufacturing in Vietnam.jpg
Electrical automotive VinFast plant using industrial robotics technology in Haiphong, Vietnam

High technology (high tech or high-tech), also known as advanced technology (advanced tech)[1] is technology that is at the cutting edge: the highest form of technology available.[2] It can be defined as either the most complex or the newest technology on the market.[3] The opposite of high tech is low technology, referring to simple, often traditional or mechanical technology. When high tech gets old, it becomes low tech, for example vacuum tube electronics. Further, high tech is related to the concept of mid-tech, that is a balance between the two opposite extreme qualities of low-tech and high tech. Mid-tech could be understood as an inclusive middle that combines the efficiency and versatility of digital/automated technology with low-tech's potential for autonomy and resilience.[4]

Startups working on high technologies (or developing new high technologies) are sometimes referred to as deep tech; the term may also refer to disruptive innovations or those based on scientific discoveries.[5]

High tech, as opposed to high-touch, may refer to self-service experiences that do not require human interaction.[6]

History

File:Matam hi-tech park (Haifa).jpg
Matam high tech park in Silicon Wadi, Haifa, Israel

The phrase was used in a 1958 The New York Times story advocating "atomic energy" for Europe: "... Western Europe, with its dense population and its high technology ...."[7] Robert Metz used the term in a financial column in 1969, saying Arthur H. Collins of Collins Radio "controls a score of high technology patents in a variety of fields"[8] and in a 1971 article used the abbreviated form, "high tech".[9]

A widely used classification of high-technological industries was provided by the OECD in 2006.[10] It is based on the intensity of research and development activities used in these industries within OECD countries, resulting in four distinct categories.[11]

In the 21st century, the high tech industry is a significant part of several advanced economies.[12] The Israeli economy has the highest ratio in the world, with the high tech sector accounting for 20% of the economy. High tech makes up 9.3% of the American economy according to Statista[13] and CTech.[14]

Ranking of startup ecosystems

Multiple cities and hubs have been described as global startup ecosystems. GSER publishes a yearly ranking of global startup ecosystems.[15][16] The study does yearly reports ranking the top 40 global startup hubs.[17]

2024 Rank Change

from 2023

Hub
1 Script error: No such module "sort". Template:Flagicon Silicon Valley
2 Script error: No such module "sort". Template:Flagicon London
2 Script error: No such module "sort". Template:Flagicon New York City
4 Script error: No such module "sort". Template:Flagicon Tel Aviv
4 Template:Flagicon Los Angeles
6 Template:Flagicon Boston
7 Script error: No such module "sort". Template:Flagicon Singapore
8 Script error: No such module "sort". Template:Flagicon Beijing
9 Script error: No such module "sort". Template:Flagicon Seoul
10 Script error: No such module "sort". Template:Flagicon Tokyo
11 Script error: No such module "sort". Template:Flagicon Shanghai
12 Script error: No such module "sort". Template:Flagicon Washington, D.C.
13 Script error: No such module "sort". Template:Flagicon Amsterdam-Delta
14 Script error: No such module "sort". Template:Flagicon Paris
15 Script error: No such module "sort". Template:Flagicon Berlin
16 Script error: No such module "sort". Template:Flagicon Miami
17 Script error: No such module "sort". Template:Flagicon Chicago
18 Script error: No such module "sort". Template:Flagicon Toronto-Waterloo
19 Script error: No such module "sort". Template:Flagicon San Diego
20 Script error: No such module "sort". Template:Flagicon Seattle
21 Template:Flagicon Bengaluru-Karnataka
21 Template:Flagicon Sydney
23 Template:Flagicon Stockholm
24 Template:Flagicon Delhi
25 Script error: No such module "sort". Template:Flagicon Philadelphia
26 Template:Flagicon São Paulo
27 Template:Flagicon Austin
28 Script error: No such module "sort". Template:Flagicon Shenzhen
29 Template:Flagicon Atlanta
30 Template:Flagicon Denver-Boulder
31 Script error: No such module "sort". Template:Flagicon Zurich
32 Script error: No such module "sort". Template:Flagicon Melbourne
33 Script error: No such module "sort". Template:Flagicon Munich
34 Template:Flagicon Vancouver
35 Template:Flagicon Salt Lake-Provo
36 Script error: No such module "sort". Template:Flagicon Hangzhou
37 Template:Flagicon Mumbai
38 Template:Flagicon Dallas
39 Script error: No such module "sort". Template:Flagicon Montreal
40 Script error: No such module "sort". Template:Flagicon Copenhagen
40 Template:Flagicon Greater Helsinki

List of countries by high tech exports

The following is a list of the 15 largest exporting countries of high tech products by value in billions of United States dollars, according to the United Nations.[18]

# Country Value (billions) Year
1 Template:Flagcountry 825 2023
2 Template:Flagcountry 369 2023
3 Template:Flagcountry 255 2023
4 Template:Flagcountry 232 2024
5 File:Flag of Singapore.svg SingaporeScript error: No such module "Check for unknown parameters". 197 2023
6 Template:Flagcountry 163 2023
7 Template:Flagcountry 135 2022
8 File:Flag of Malaysia.svg MalaysiaScript error: No such module "Check for unknown parameters". 127 2023
9 File:Flag of France.svg FranceScript error: No such module "Check for unknown parameters". 115 2023
10 Template:Flagcountry 110 2023
11 Template:Flagcountry 102 2024
12 Template:Flagcountry 91 2023
13 Template:Flagcountry 89 2024
14 Template:Flagcountry 82 2023
15 Template:Flagcountry 81 2023

See also

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References

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  1. Advanced technology definition
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  7. "Atomic Power for Europe", The New York Times, February 4, 1958, p. 17.
  8. Metz, Robert (1969). "Market Place: Collins Versus The Middle Man", The New York Times, April 24, 1969, p. 64.
  9. Metz, Robert (1971). "Market Place: So What Made E.D.S. Plunge?", The New York Times, November 11, 1971, p. 72.
  10. Hatzichronoglou, Thomas: "Revision of the High-Technology Sector and Product Classification", OECD Science, Technology and Industry Working Papers, No. 1997/02, OECD Publishing, Paris.
  11. High Tech Trademarks by John Mendenhall, Art Direction Book Co; First Edition (January 1, 1985) Template:ISBN
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