ASIC stands for Application-Specific Integrated Circuit. It is an integrated circuit (IC) chip that is custom-designed and tailored for a particular application or function, rather than being intended for general-purpose use. ASICs are optimized to perform specific tasks efficiently, often used in specialized systems such as cryptocurrency mining, network management, or consumer electronics.
Additionally, ASIC can also refer to the Australian Securities and Investments Commission, which is an independent Australian government body regulating corporate, markets, financial services, and consumer credit. However, the primary and most common meaning in technology contexts is the first one related to integrated circuits.
