Application-Specific Integrated Circuits (ASICs) are specialized electronic components designed for a specific task or application, rather than for general-purpose use. They are custom-built to perform particular functions efficiently, making them faster and more power-efficient than standard chips. ASICs are commonly used in devices like smartphones, cryptocurrency miners, and networking equipment. The design process for ASICs involves creating a unique circuit layout tailored to the desired application. This customization allows for optimized performance, but it also means that ASICs can be more expensive to produce than general-purpose chips. Once manufactured, ASICs cannot be easily repurposed for other tasks.