The global Application Specific Integrated Circuit market was valued at USD 15.68 billion in 2022 and expected to grow at a CAGR of 5.5% during the forecast period. An Application-Specific Integrated Circuit (ASIC) is an integrated circuit that is customized for a specific application or task, as opposed to a general-purpose integrated circuit like a microcontroller or a microprocessor. ASICs are designed to perform specific functions at high speed and with low power consumption, making them ideal for use in applications such as telecommunications, networking, multimedia, and automotive systems. https://analyticsmarketresearch.com/reports/application-specific-integrated-circuit-market/76835/