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High tech

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High technology (high tech or high-tech), also known as advanced technology (advanced tech) or exotechnology,cite-ref-1[1] is technology that is at the cutting edge: the highest form of technology available.cite-ref-2[2] It can be defined as either the most complex or the newest technology on the market.cite-ref-3[3] The opposite of high tech is low technology, referring to simple, often traditional or mechanical technology; for example, a slide rule is a low-tech calculating device.cite-ref-4[4]cite-ref-5[5]cite-ref-6[6] When high tech becomes 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.cite-ref-7[7]

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.cite-ref-8[8]

High tech, as opposed to high-touch, may refer to self-service experiences that do not require human interaction.cite-ref-9[9]

Contents

• History

• Ranking of startup ecosystems

• List of countries by high tech exports

• See also

• References

History

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 ...."cite-ref-10[10] 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"cite-ref-11[11] and in a 1971 article used the abbreviated form, "high tech".cite-ref-12[12]

A widely used classification of high-technological industries was provided by the OECD in 2006.cite-ref-13[13] It is based on the intensity of research and development activities used in these industries within OECD countries, resulting in four distinct categories.cite-ref-14[14]

In the 21st century, the high tech industry is a significant part of several advanced economies.cite-ref-15[15] 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 Statistacite-ref-16[16] and CTech.cite-ref-17[17]

Ranking of startup ecosystems

Multiple cities and hubs have been described as global startup ecosystems. GSER publishes a yearly ranking of global startup ecosystems.cite-ref-18[18]cite-ref-0-19-0[19] The study does yearly reports ranking the top 40 global startup hubs.cite-ref-20[20]

| 2024 Rank | Change from 2023 | Hub |

|---|---|---|

| 1 | | Silicon Valley |

| 2 | | London |

| 2 | | New York City |

| 4 | (1) | Tel Aviv |

| 4 | | Los Angeles |

| 6 | | Boston |

| 7 | (1) | Singapore |

| 8 | (1) | Beijing |

| 9 | (3) | Seoul |

| 10 | (5) | Tokyo |

| 11 | (2) | Shanghai |

| 12 | (1) | Washington, D.C. |

| 13 | (1) | Amsterdam -Delta |

| 14 | (4) | Paris |

| 15 | (2) | Berlin |

| 16 | (7) | Miami |

| 17 | (2) | Chicago |

| 18 | (1) | Toronto - Waterloo |

| 19 | (3) | San Diego |

| 20 | (10) | Seattle |

| 21 | | Bengaluru - Karnataka |

| 21 | | Sydney |

| 23 | | Stockholm |

| 24 | | Delhi |

| 25 | (2) | Philadelphia |

| 26 | | São Paulo |

| 27 | | Austin |

| 28 | (7) | Shenzhen |

| 29 | | Atlanta |

| 30 | | Denver - Boulder |

| 31 | (5) | Zurich |

| 32 | (1) | Melbourne |

| 33 | (4) | Munich |

| 34 | | Vancouver |

| 35 | | Salt Lake - Provo |

| 36 | (2) | Hangzhou |

| 37 | | Mumbai |

| 38 | | Dallas |

| 39 | (1) | Montreal |

| 40 | (1) | Copenhagen |

| 40 | | 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 millions of United States dollars, according to the United Nations.cite-ref-21[21]

|---|---|---|---|

| 1 | China | 769,699.28 | 2022 |

| 2 | Germany | 223,370.84 | 2022 |

| 3 | Hong Kong | 194,079.88 | 2022 |

| 4 | United States | 166,435.57 | 2022 |

| 5 | Vietnam | 122,993.36 | 2022 |

| 6 | South Korea | 98,537.98 | 2022 |

| 7 | France | 95,753.98 | 2022 |

| 8 | Singapore | 94,102.98 | 2022 |

| 9 | Netherlands | 92,149.42 | 2022 |

| 10 | Mexico | 85,898.58 | 2022 |

| 11 | Japan | 83,102.74 | 2022 |

| 12 | Ireland | 80,006.33 | 2022 |

| 13 | Switzerland | 77,973.73 | 2022 |

| 14 | United Kingdom | 72,663.09 | 2022 |

| 15 | Malaysia | 66,214.45 | 2022 |