Noun: Application Specific Integrated Circuit. Custom-made chips created for solving a very specific task, like cracking through DES or playing chess.

ASICs handle frame forwarding in a switch, and allow switches to provide scalability to gigabit speeds.

The Australian Securities and Investments Commission has had a surveillance program running for at least three years, and commences regulatory action for...things. It does not arbitrate for access to the switch fabric.

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