FPGA stands for Field Programmable Gate Array. It is a type of integrated circuit that can be programmed to do specific tasks after it has been manufactured. ASIC stands for Application-Specific Integrated Circuit. ASICs are also integrated circuits, but they are designed to do one specific task and cannot be programmed to do anything else. FPGAs were first developed in the early 1990s. They were initially used for prototyping new electronic designs, but they have since become more popular for use in actual products. ASICs were first developed in the late 1980s. They were initially used for high-end applications such as telecommunications and data processing, but they have since become more popular for use in consumer electronics.
There is no definitive answer to this question as it depends on a number of factors, such as the specific application requirements and the budget available. Generally speaking, FPGAs are better suited for complex applications while ASICs are more suitable for high-throughput applications.