high technology

Advanced developments in an area of technology. The term is often associated with computer-related developments, being on the technological cutting edge of a field.

Any industry concerned with advanced technology, such as biotechnology, computers and microprocessors, and fibre optics. While in theory such industries are footloose, since the products have a high value to weight ratio, favoured locations tend to be near motorways, airports, and research and development facilities, such as science parks. ‘Silicon Fen’ near Cambridge is a case in point.

The noun has one meaning:

Meaning #1: a highly technical implementation for the control of equipment; usually involving electronic hardware
  Synonyms: automation, mechanization, mechanisation, high-tech