ASIC
Abbreviation with 2 meanings
| Stands for | Australian Securities and Investments Commission |
|---|---|
| Meanings | 2 |
| Categories | Government & Politics, Science & Engineering |
ASIC has two meanings. It stands for Australian Securities and Investments Commission (world government) or Application-specific integrated circuit (electronics & electrical).
Meanings of ASIC at a glance
| # | ASIC stands for | Context |
|---|---|---|
| 1 | Australian Securities and Investments Commission | Government & Politics › World Government |
| 2 | Application-specific integrated circuit | Science & Engineering › Electronics & Electrical |
1. Australian Securities and Investments Commission
Government & Politics · World Government Abbreviations
Australia's corporate, markets and financial services regulator, which registers companies, licenses financial advisers and credit providers and enforces corporations law.
Example: Check the ASIC register to confirm the company's directors.
It began in 1991 as the Australian Securities Commission and took its current name in 1998. Companies receive an Australian Company Number (ACN) on registration. A 2017-2019 royal commission into banking misconduct criticized regulators, prompting tougher enforcement. In electronics, ASIC means application-specific integrated circuit.
2. Application-specific integrated circuit
Science & Engineering · Electronics & Electrical Abbreviations
Chip custom-designed for a particular use rather than general-purpose computing, such as a bitcoin mining chip, a hearing-aid processor or an AI accelerator. ASICs offer the best performance and power efficiency for their task, but design and mask costs can run to millions of dollars.
Example: Bitcoin mining moved from graphics cards to ASIC miners that do nothing but compute SHA-256 hashes.
Google's Tensor Processing Unit, first used in its data centers in 2015, is a well-known ASIC for machine learning. Because changes after fabrication are impossible, designs are often prototyped on FPGAs first. Pronounced "AY-sick."
Related abbreviations
More world government abbreviations
- AFP – Australian Federal Police
- ALP – Australian Labor Party
- ANC – African National Congress
- APRA – Australian Prudential Regulation Authority
- ASIO – Australian Security Intelligence Organisation
- ASIS – Australian Secret Intelligence Service
- ATO – Australian Taxation Office
- BJP – Bharatiya Janata Party
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